Biden’s Proposed Tax Changes for Individuals

Biden’s Proposed Tax Changes for Individuals

Let’s talk about Biden’s proposed tax policies and how they will affect the individual taxpayer. There are ten key proposed changes that I want to discuss.  Keep in mind these are all just proposals, Biden is not even president yet, and these have to pass through...
Section 179 Depreciation Deduction

Section 179 Depreciation Deduction

Section 179 Depreciation Deduction – and More About Cars The Section 179 depreciation deduction for small businesses is a section in the internal revenue code that basically allows small business owners to accelerate their depreciation of fixed assets. This is...
Buying a Car – Business or Personal?

Buying a Car – Business or Personal?

The question is whether you should be buying a vehicle and putting it under your name personally or under your business name. There is a misconception that if you own a business and you buy a vehicle under your business name that you can then “write off’ the vehicle...