Our first episode covers selected topics from the proposed tax relief act of 2024, including Section 174 Expenses such as "research and experimentation," 100% Bonus Depreciation, 1099-NEC and 1099-MISC reporting, and enforcement provision for the Employee Retention Tax Credit.
Join our tax experts for a discussion on tax deductions for your business. We’ll help you understand book-tax differences, the IRS definition of an “Ordinary and Necessary” expense, and some common classes of expenses that are misused or underutilized. Listen at the following links:
