Sec. 179

Business Website Expenses: How They’re Handled for Tax Purposes

August 29th, 2024|Categories: Accountant, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Expenses, Sec. 179, Small Business, Tax, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: business expenses, CPA Dallas, cpa near me, Dallas CPA, expenses, Sec. 179 deductions, tax, tax advisor, Texas CPA, The Burns Firm, Website Expenses|

Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are established rules that generally apply [...]

Updated Guidance on Business Vehicle Depreciation

May 9th, 2024|Categories: Accountant, Bonus Depreciation, Burns Firm, Business, Business Expense Deductions, Business Vehicle, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Sec. 179, Services, Tax, Tax Advisor, Tax Basis, Tax Depreciation, The Burns Firm|Tags: business vehicle depreciation, Business Vehicle Expenses, cpa near me, Dallas CPA, Depreciation on Business Vehicle, sec 179, Sec. 179 Deduction vs. Bonus Depreciation, tax, tax advisor, Texas CPA, The Burns Firm|

The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. In addition, annual inflation adjustments make allowable depreciation [...]