Small Business Tax Briefs: January 2019

Welcome 2019! Now that the new year has arrived, is there still time to pay 2018 bonuses and deduct them on your 2018 return? Are you aware of depreciation-related breaks on business real estate that may benefit the 2018 tax year filing? Plus, as you end one year and begin another, stay informed about tax law changes. For instance, a higher mileage rate may mean larger tax deductions for business miles in 2019 and there are tax-related limits affecting businesses increase for 2019.

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