Business Tax

Depreciation is the tax concept that spreads the cost of certain business property over time instead of treating the full cost as an immediate current expense.

The Section 179 deduction is a business tax deduction concept that can allow certain property costs to be deducted more quickly instead of recovered only over time.

Bonus depreciation is a business tax concept that can allow faster cost recovery for qualifying property than ordinary depreciation alone.

Terms for business deductions, reporting concepts, and tax mechanics that affect owners and operating activity.