Posted by nhogan on Jun 13, 2017 4:36:10 PM
The following quick reference chart provides a basic outline on how to calculate depreciation on certain improvements, equipment and/or tangible property and discusses what qualifies for bonus and/or Section 179. Further, it provides rules and definitions of qualified leasehold improvements, qualified restaurant property and qualified improvement property.
Topics: Bonus Depreciation, Depreciation, Tax, Uncategorized
Posted by celliott on Jul 15, 2014 9:21:52 AM
On July 11, 2014, the House passed legislation permanently extending bonus depreciation. The Senate is expected to advance a temporary extension, rather than a permanent one, so the stage is set for further deliberation. The President has threatened to veto the measure if it makes it through Congress.
Topics: Bonus Depreciation, Section 179, Tax, Uncategorized
Georgia's nonprofits recognize Smith & Howard as the premier nonprofit CPA firm in Atlanta and throughout our state. Nonprofits benefit from our nonprofit accounting knowledge and expertise in audits, tax Form 990, board governance and strategic planning. Our significant nonprofit client family is an extension of Smith & Howard’s interest in, and commitment to, our community. No one knows, understands or is as committed to nonprofits as the nonprofit accounting team at Smith & Howard.
