Permanent adoption of higher levels of section 179 expensing would help manufacturers invest in production and test with greater confidence. There is a chance that Congress could adopt those higher expensing levels on a permanent basis in the next two weeks. Continue reading
The deal averting the fiscal cliff is more than merely an agreement setting tax rates; it includes numerous authorizations and reauthorizations that affect a wide variety of people and businesses. Some of our favorite tax deductions were scheduled to ‘go over the cliff’ and this bill reauthorizes them. Continue reading
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