Posts by Kerry Defler
Forget Debt? Maybe Not Yet: How to Grow without Full Business Interest Deduction
Manufacturers and other companies that traditionally rely on debt as a growth strategy need to consider new approaches, now that the business interest deduction has been slashed. Before recent tax reform, the business interest deduction was 100 percent. Now it’s just 30 percent of a company’s adjusted taxable income, which is computed in a way…
Read MoreHere’s How Businesses Can Save Money on Personal Property Taxes
Amid the sprint to finish 2017 business tax returns, companies with significant fixed assets such as machinery should devote time for a thorough review that can save money on future personal property taxes. In most states, 2018 personal property tax returns are due soon. In Georgia, for example, returns are due April 1. Those returns…
Read MoreAfter Tax Reform, Manufacturers Need to Know about New Depreciation Rules
Encouraged by changes in tax laws, including new tax depreciation rules, manufacturers have a high level of optimism. Almost 95 percent of 14,000 large and small manufacturers surveyed told the National Association of Manufacturers that they consider the outlook for their company positive. That’s higher than at any point in the survey’s 20-year history. A…
Read MoreConfused by Tax Reform? It Could Help Simplify Your Company Taxes
Let’s keep this simple: Taxes can be complicated. And more than 500 pages of tax reform won’t make understanding U.S. taxes any easier. But here’s the good news: Various provisions of the latest tax reform may actually simplify your company taxes. It’s been well-documented that the new tax code provides a hefty tax cut to…
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