Bonus depreciation

Bonus depreciation van be used generally on assets with a life of 20 years or less

Disregarded Entity

The term "disregarded entity" refers to how a single-member limited liability company (LLC) may be taxed by the Internal Revenue Service (IRS). If your LLC is deemed a disregarded entity, it simply means that, in the eyes of the IRS, your LLC is not taxed as an entity separate from you.

EVs from China may lose tax credits

New rules from the Treasury Department will make it harder for vehicles to qualify for the full federal electric vehicle tax credit of $7,500 if key components are sourced from China. But the rules also offered a two-year reprieve on some materials that are mostly sourced from China. Late last week Treasury released on some materials that are mostly sourced from China. Late last week Treasury released new rules mandating that manufacturers not use critical materials that originate from a Foreign Entity of Concern (FEOC) — including China, Russia, North Korea, or Iran — by 2025 if they want to receive the full EV tax credit. The federal government, however, is giving automakers some important leeway in sourcing some rarer materials, like graphite. "The final regulations also identify certain impracticable-to-trace battery materials," the Treasury said, adding that "qualified manufacturers may temporarily exclude these battery materials from FEOC due diligence and FEOC compliance determinations until 2027."

Our philosophy

In Japan, which is home to half of the world’s companies that are at least 100 years old, a simple but powerful philosophy has contributed to business longevity: Sampo-yoshi. Sampo-yoshi means “good for the seller, good for the buyer, and good for society.” Its origins trace to traveling traders from the Ohmi region — now known as Shiga Prefecture — who were active for centuries. At the time, regulations limited freedom of movement.

Why is there a 30% limit on charitable contributions?

Contributions of capital gain property to public institutions are generally limited to 30% of the donor's contribution base (AGI). The excess can be carried forward for up to 5 years