Entries by Megan McDonald

Bonus Depreciation Phase Out Begins 1/1/2023

The bonus depreciation phase out officially launched in January — what does it mean for your business? Under the Tax Cuts and Jobs Act (TCJA), many businesses have benefited from a 100% bonus depreciation deduction on qualifying property acquired between September 27, 2017, and January 1, 2023. Leveraging 100% bonus depreciation has been a powerful tool […]