CPA & Business Advisory Blog

Proposed Business Tax Breaks

President Obama’s latest proposal would allow companies to write off 100% of their new investment in plant and equipment as “bonus” depreciation — in previous years, companies could deduct up to 50% of their new investment in plant and equipment.  Also included in this proposal is expansion of the R&D tax credit.  Details on the proposal will be laid out in a speech in Cleveland tomorrow. 

Click here to learn more and contact our Tax Planning & Preparation Group at 440-449-6800 with any questions.

This entry was posted in CPA & Business Advisory, Tax Planning & Preparation. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.
© Copyright 2017 Skoda Minotti | Privacy Policy | Disclaimer | Remote Support
Cleveland 440-449-6800 | Akron 330-668-1100 | Tampa 813-288-8826
Website designed and developed by Skoda Minotti Strategic Marketing