The recently enacted included a wide-ranging assortment of tax changes generally affecting business. Two of the most significant changes allow for faster cost recovery of business property. These consisted of enhanced expensing under Section 179 and an extension of 50% bonus depreciation. The bonus depreciation provisions, however, quickly became outdated with the enactment of the 2010 Tax Relief Act, where the bonus depreciation provisions became even more taxpayer friendly. Continue reading »
Browsing articles tagged with " 2010 Tax Relief Act"
Aronson’s knowledgeable industry experts have been serving the needs of the Metro Area construction community for nearly five decades. Our Construction Industry Services Group bloggers leverage their deep expertise to bring you the latest information and insight affecting construction contractors and other specialty subcontractors. Learn about new legislation, tax tips, financial information and other articles that will help you “build” for the future! Be sure to bookmark the Construction Report for quick access to important information! Visit www.AronsonLLC.com to learn more about Aronson’s specialized accounting and consulting services!
3% Withholding Tax 401(k) ABC ACA Affordable Care Act AGC AIA American Jobs Act Architecture Billings Index Aronson Aronson Systems Associated Builders and Contractors audit benefit plans bonus depreciation congress Construction Employment Construction Industry Construction Spending deductions depreciation expenses FASB fbar fiscal cliff form 5471 gift tax healthcare health insurance income income tax international tax IRS LLC maryland obama Payroll Tax pension plans retirement plans Section 179 Tax taxes Timberline withholding Worker Classification