About: rcm_Admin

Recent Posts by rcm_Admin

When 15-Year Depreciation for QIP Might be Better than 100% Bonus Depreciation

In 2020, Congress passed legislation that corrects a drafting error related to real estate qualified improvement property (QIP). The correction is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The correction retroactively allows real property owners to depreciate QIP faster than before, either 100% the year the QIP is placed in service

Business Provisions of the American Rescue Plan Act

On March 11th, President Biden signed into law the American Rescue Plan Act. This new law provides more than $50 billion in additional relief to small businesses. Detailed below are some of the highlights of the new law. PPP The bill includes $7.25 billion more for the Paycheck Protection Program; however, the bill did not

American Rescue Plan – Individuals

ECONOMIC IMPACT PAYMENTS The American Rescue Plan provides for a third round of economic impact payments, commonly known as stimulus payments, of up to $1,400 per adult and any dependent. This time the earnings maximums are $80,000 for single filers, $120,000 for head of household and $160,000 for married filing jointly. For those with a

Recent Comments by rcm_Admin

    No comments by rcm_Admin yet.

Other Locations : Kansas   Oklahoma