Jun 10, 2019 | Income Tax
Before the Tax Cuts and Jobs Act (TCJA), your purchase of the vehicle you were leasing did not qualify for either Section 179 expensing or bonus depreciation. But times have changed. The TCJA made two changes that mean 100 percent bonus depreciation is available on...
Jan 9, 2019 | 2019, Income Tax, Mileage Rate, Sarasota Tax & Accounting
The Internal Revenue Service has issued the 2019 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, new standard mileage rates for the use of a car (also...
