H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...

The IRS has announced the new standard mileage rates for 2026. See the updated rates for business, medical, and moving ...

Discover what net investment means, how it's calculated, and its impact. Learn the formula and see examples to better ...

Learn how the general depreciation system (GDS) works within MACRS, its methods, tax implications, and how it accelerates asset depreciation.

The Indian rupee is experiencing a significant decline against the US dollar, which could impact inflation, exports, and corporate margins. While short-term effects are challenging, a weaker rupee ...

Underestimating depreciation can lead to overstated asset values, inaccurate expense reporting, and misleading financial ratios. Failing to account for depreciation properly can result in flawed ...

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Buried in the July 4 tax overhaul, formally titled the One Big Beautiful Bill Act, was ...

President Trump signed the “One Big Beautiful Bill Act,” reinstating 100% bonus depreciation for qualified business property, including new and pre-owned business aircraft. Effective January 19, 2025, ...

President Donald Trump’s tax and spending cuts bill that narrowly passed the U.S. Senate on Tuesday includes a provision that could provide a boost to commercial real estate investors. The Senate ...

In the traditional two-step method, the homogenization group constants of the fuel assembly are calculated using the assumption of reflective boundary conditions. In the hybrid two-step method used in ...

For the first time in at least three years, the IRS issued lower depreciation limitations for passenger automobiles. These limits are updated annually for inflation, based on the automobile component ...