Small businesses face changes in tax filing, including potential extension due to pending legislation, reduced bonus depreciation, and Secure Act 2.0 benefits; experts advise consulting a tax adviser.
As Tax Day approaches, small businesses should be aware of various changes and considerations when filing taxes. Key points include the potential need for an extension due to pending tax legislation, the decrease in bonus depreciation write-offs for 2023, and the tax advantages provided by the Secure Act 2.0 for small businesses offering a retirement plan. Experts recommend working with a professional tax adviser to navigate these complexities.
March 27, 2024
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