• Email: [email protected]
  • Call us: (303) 318-0115
  • Hours: 7:30 am - 5:30 pm Mon - Thurs; 7 am - 12 pm Fri

business deductions

Business charitable contribution rules have changed under the CARES Act

In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing charitable deductions.…

Accelerate depreciation deductions with a cost segregation study

Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby…

Higher Mileage Rate May Mean Larger Tax Deductions for Business Miles in 2019
Higher Mileage Rate May Mean Larger Tax Deductions for Business Miles in 2019

Higher Mileage Rate May Mean Larger Tax Deductions for Business Miles in 2019

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008. As a result, you might be able to claim a larger…