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Bookmark or Share- Tax Cuts and Jobs Act: A comparison for businessesBusinesses can find details and the latest resources on the provisions below at Tax reform provisions that affect businesses. Changes to deductions, depreciation and expensing may affect a taxpayer’s business taxes. Publication 535, Business Expenses, and Publication 946, How to Depreciate Property, explain many of these topics in detail.
- Tax Reform Small Business Initiative - Internal Revenue ServiceInformation to help small businesses or self-employed taxpayers understand how the Tax Cuts and Jobs Act could affect their bottom line and how the changes for individuals relate to certain business situations.
- What the New 2025 Tax Policies Mean for Small Business OwnersWith a new administration in place, small business owners now have a clearer picture of what to expect in terms of tax policy changes for 2025. These updates are packed with opportunities to save, invest, and grow, from 100% bonus depreciation to the removal of the SALT deduction cap.
- How Small Businesses Might Fare From A Trump Presidency - ForbesAmong the key corporate tax provisions: Lowering the corporate tax rate from 35% to a flat 21%. Initiating a “Repatriation Tax” on overseas profits held by U.S. companies, thereby...
- Harris Proposes Massive Tax Deduction Increase For Small Businesses ...New small businesses could allocate the tax deduction across multiple years or claim the full $50,000 deduction once they turn a profit. Harris said her administration plans to make filing taxes...
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