Business Provisions of New Tax Line

Business Provisions of New Tax Line

"With great change comes great opportunity." - Mel Sams

Businesses in the US will have some major opportunities in the upcoming years. Some of the changes in the new Tax Law include Expanded Cost Recovery Provisions, Section 179 Depreciation and Bonus Depreciation. These can be helpful to businesses by allowing them to take an immediate tax write off when they purchase new equipment.

The new tax law also provides good news for people that operate a Real Estate Trade or Business with expanded depreciation rules. Plus, Section 199A now allows for 20% deduction of taxable income for certain business owners. This video is designed to help you be poised to take advantage of these tax savings.