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Tax Resources for Accountants and Small Businesses (U.S.)

Tagged: section 179 deduction

Small business

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Small Business Tax Deductions for 2025

Small business tax deductions for 2025 allow companies to reduce taxable income by subtracting ordinary and necessary business expenses. Understanding these deductions is important for accountants, payroll specialists, tax professionals, and small business owners...

Depreciation

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Section 179 and Bonus Depreciation – Tax Year 2025

This article summarizes the official IRS and U.S. Treasury rules for recovering the cost of business property under Section 179 and Section 168(k) (bonus depreciation) for tax years beginning in 2025. All information below...