Small Business Tax
Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?
Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.
The new 2010 Tax Relief Act creates favorable estate tax rules for the two years extending from Jan. 1, 2011, through Dec. 31, 2012. If it suits your needs, you can also choose to use the “new rules” instead of the “old rules” for a decedent who died in 2010.
Do you use the standard mileage rate to deduct your business vehicle expenses in lieu of accounting for every actual expense you incur? The IRS recently announced that the standard rate for 2011 was increasing, but by just a penny, to 51 cents per business mile.
Did you fail to qualify for the Section 199 “manufacturing” deduction in the past? Don’t give up. A business taxpayer who didn’t meet the requirements in a prior calculation might do so on a 2010 return. Best of all, the maximum deduction reached its high-water mark in 2010, so it’s more valuable than ever.