The CBD Blog

Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.

Buying vs. Leasing Equipment: Which Is Right for Your Business?

Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy fixed assets. Here are the pros and cons of these options. Although there’s no universal “right” choice, many businesses that formerly leased assets are deciding to buy them, primarily to take advantage of expanded Section 179 and bonus depreciation deductions.

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Small Business Tax Strategy: Heavy Vehicle Plus a Home Office

Every small business owner wants lower taxes. Here’s an idea: If you drive a lot for business and work primarily from a home office, consider buying a “heavy” SUV, pickup or van to take advantage of the generous first-year bonus depreciation deduction under the Tax Cuts and Jobs Act (TCJA). This article explains how this strategy works and how much you could potentially write off.

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Calculating Deductions for Business Interest Expense

The Tax Cuts and Jobs Act generally limits business interest expense deductions for businesses with average annual gross receipts over $25 million, with a few industry-specific exceptions. If your business is likely to be affected by this provision, it’s important to understand how much business interest you’ll be allowed to deduct for tax years beginning in 2018 and beyond.

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New Law, New Limit on Deductions for Business Interest Expense

Did you know that the Tax Cuts and Jobs Act (TCJA) imposes a new limitation on business interest expense deductions? Fortunately, many businesses won’t be affected by the change, based on their size or the nature of their operations. Here are the basics on how this unfavorable change works, along with a list of businesses that are exempt from the new limitation.

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New Law Makes Education-Savings Tools More Flexible

Getting an education for your children or grandchildren can be expensive. Fortunately, various tax-advantaged savings options can help lower out-of-pocket costs. Here’s an overview of two tax-smart savings tools Section 529 plans and Coverdell Education Savings Accounts as well as information about tax-favored ABLE accounts that help families pay for qualified disability expenses.

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The ABCs of Higher Education Tax Breaks

School planning seems to start earlier every year. As you begin to shop for dorm supplies and other necessities, here’s some important information about tax breaks for higher education costs, along with some of the rules and restrictions that apply under the new tax law. We’ll also explain how the Tax Cuts and Jobs Act eliminates deductions for job-related education costs incurred by employees.

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Is an Association Health Plan Right for Your Company?

The availability of a new health plan option is soon to become a reality for small businesses. Last October, the Trump Administration set in motion the development of “association health plans” as an alternative for employers to provide health insurance to their workers. Whether individual employers will see this as good news or bad news depends on their current situations. Here’s an overview.

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Effects of the Tax Law Vary Based on Major Life Events

What stage of life are you in? The Tax Cuts and Jobs Act affects everyone a little differently, depending on their specific circumstances. Here are provisions of the law that may be relevant if you are at various milestones, including marriage, new kids, divorce, new homes, death and even business start-ups.

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