Archive: bonus depreciation

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Hotel and Restaurant Owners: Renovations Equal Tax Depreciation Deductions

As 2017’s tax year begins to wind down, hotel and restaurant owners will be able to take advantage of a variety of tax depreciation incentives. These tax deductions can be substantial if a hotel and restaurant owner purchases a high quantity of fixed assets, or if a major buildout or refurbishment project for their property is […]
November 22, 2017

PATH Act Provides Tax Breaks for 2015 and Beyond

When many were busy celebrating the holiday season, President Obama signed The Protecting Americans from Tax Hikes (PATH) Act of 2015 into law at the end of last month. This important legislation extends a number of tax breaks and makes many of them permanent. Below, we outline some of the more important changes effective after […]
January 12, 2016
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  • Aronson

Fixed Asset Acquisition Planning for 2012

Construction Contractors that are planning to acquire fixed assets should consider doing so before the end of 2012.  After 2012, two significant tax benefits will diminish or be completely eliminated. Section 179 depreciation For tax years beginning in 2012 taxpayers may expense, in lieu of capitalizing and depreciating, up to $139,000 of qualified property, generally […]
July 5, 2012
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  • Aronson

Tax Incentives for Contractors – Fixed Asset Acquisitions

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 The bonus depreciation provisions, however, quickly became outdated with the enactment of the […]
June 17, 2011
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  • Aronson