New Tax Law Expands Full Expensing to Nonresidential Roofs
The Tax Cuts and Jobs Act expands eligibility for full expensing to nonresidential roofs as of Jan. 1, 2018. Previous law allowed the cost of roof improvements to be deducted from taxable income through depreciation over time. The new law allows the cost to be deducted in full immediately! This is a fantastic improvement for small businesses …
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