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As President Donald Trump promised, his Tax Cuts and Jobs Act (the “TCJA”) initiated an overhaul intended to simplify an otherwise arduous tax code. Businesses benefited in a number of ways beyond the celebrated reduction in the corporate tax rate. Enhancements to both bonus depreciation and expensing limits for qualifying property broaden business owners’ options for the treatment of real estate on their books.
Business owners must decide, upon acquisition of an asset, whether to expense…
Columbus Business News - Local Columbus News | Business First of Columbus
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Bonuses for businesses: Trump's TCJA incentivizes real estate activity