by Eileen Monsesson | Mar 9, 2026 | Accounting News, Tax Changes, Tax Tips
The Internal Revenue Service has updated the depreciation limits for passenger vehicles placed in service in 2026. The annual limits apply to cars, trucks, and vans used for business purposes and determine the maximum amount businesses can deduct each year. The...
by Eileen Monsesson | May 23, 2025 | Tax Changes
On May 22, 2025, the House of Representatives passed H.R. 1, sending a broad tax and domestic policy package to the Senate for further consideration. While the bill represents a significant step in advancing President Trump’s proposed agenda, none of its provisions...
by Eileen Monsesson | May 21, 2025 | Tax Changes
As of May 21, 2025, President Trump’s proposed tax legislation remains under active debate and revision. Introduced as part of a broader budget reconciliation package, the proposal seeks to extend or expand key provisions from the Tax Cuts and Jobs Act (TCJA) while...
by Sal Schibell | Jul 14, 2017 | Tax Changes, Tax Tips
Building owners who have made energy efficiency improvements to their properties can utilize the statute of limitations for amending tax returns to receive immediate tax deductions under the Energy Efficient Commercial Buildings Tax Deduction, commonly called the...
by Sal Schibell | Feb 8, 2017 | Tax Changes, Tax Tips
Below please find a corporate tax article prepared by Sal Schibell, which was recently published in various trade magazines. In this piece, Mr. Schibell reviewed some of the more important tax changes that President Donald Trump has proposed and he expanded upon...
by Sal Schibell | Mar 22, 2015 | News, Tax Changes
Effective January 1, 2014 the IRS issued final regulations that completely revamped the way a business must evaluate certain expenditures… in order to determine whether the costs represent immediately deductible repair expenses or capital improvements that must...
