Brady Ware News

Businesses Deduction for Vehicles Placed in Service in 2019

How Much Can Businesses Deduct for Vehicles Placed in Service in 2019? Does your business need to add one or more vehicles? If so, the purchases may qualify for tax breaks under current tax law. Here are the details. First-Year Depreciation Breaks The Tax Cuts and Jobs Act (TCJA) allows unlimited 100% first-year bonus depreciation…

Read More

Important Considerations When Buying Another Construction Firm

Important Considerations When Buying Another Construction Firm Buying another construction firm can be an attractive way to grow your company’s revenue base. A merger or an acquisition can allow you to: Add a new subcontracting specialty, Acquire an experienced labor force to reach new markets, and Deepen your penetration into the market your firm already…

Read More

Think About Taxes Before You Tie the Knot

Summer Loving? Think About Taxes Before You Tie the Knot For many couples, summer is the quintessential time to tie the knot. The weather is warm, the flowers are blooming and nature offers plentiful backdrops for photos. But there’s more than the ceremony to consider when a couple merges their lives, including taxes and other…

Read More

Be Careful to Document Hardship Distributions and Plan Loans

Be Careful to Document Hardship Distributions and Plan Loans The IRS cautions plan administrators that they must document and keep necessary records of all employees’ hardship distributions and plan loans. The result of noncompliance could be a qualification failure for the plan. Hardship Distributions Basic information. In general, a retirement plan can make a hardship…

Read More

Ohio State and Local Tax Updates June 2019

Attention, Ohio disaster victims! June 26, 2019 Attention, Ohio disaster victims: Victims of storms, tornadoes, flooding and landslides may receive tax relief, the IRS announced. Due to severe weather that commenced on May 27, several OH counties have been declared federal disaster areas. The counties include Auglaize, Darke, Greene, Hocking, Mercer, Miami, Montgomery, Muskingum, Perry…

Read More

Scroll Up