One Big Beautiful Bill Act (OBBBA): What businesses and individuals need to know

The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, is the most sweeping federal tax legislation since the ...

Key Bonus Depreciation Changes CRE And Rental Owners Should Know

Legislation passed in 2025 can provide significant additional tax savings for individuals who own rental properties or ...
Business Line

New depreciation regime: Clarity needed on transitional provisions, say auditors

For accounting purposes, depreciation reflects the extent to which an asset has been used. From a Profit & Loss perspective, a higher depreciation hits net profit. “The new provisions relating to ...
The Blood-Horse

Three-Year Tax Depreciation Extension Signed Into Law

A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law Dec. 20 by President Donald Trump. The racehorse provision, which received bipartisan ...