Does your Business Need to Worry About the ‘Parking Lot Tax’?

The Tax Cuts and Jobs Act of 2017 (TCJA) has been lauded for reducing the U.S. corporate income tax rate from 35 percent to 21 percent. But the new tax law also takes away a long-enjoyed deduction: employee parking costs. Now, all employers—regardless of industry or entity type—may lose business tax deductions on parking provided to employees.

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Rental Property Owners: Don’t Miss These Tax Benefits

If you’re a rental property owner, you know the need to renovate and make improvements never ends. Thankfully, there’s a relatively new tax law on the books, courtesy of the Tax Cuts and Jobs Act, that gives owners of commercial rental properties a significant tax benefit when making certain building improvements or repairs.

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How Manufacturers Can Utilize the R&D Tax Credit

Over the last two years, we’ve all heard about the Tax Cuts and Jobs Act and the business-friendly measures that came with it. But amid the shiny new perks of tax reform, there’s a tax credit that’s still one of the best ways for businesses—including manufacturers—to reduce their tax liability.

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How Rental Property Owners Can Qualify for the 199A Deduction

lease agreement

As a rental property owner, it’s possible you could qualify for the 199A deduction—if you meet certain requirements. Your ability to qualify also depends on the facts and circumstances of your situation. Here are a few of the requirements rental property owners must meet in order to qualify.

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