Goodbye, one-year extenders – Businesses welcome a new era in tax planning
Abstract: Taxes aren’t something that lenders usually discuss with borrowers. But this year might be an exception. This article discusses several major tax law changes that occurred at the end of 2015 under the PATH Act, including provisions that relate to the research credit, depreciation tax breaks and a reduction in the recognition period for S corporations. These changes will allow borrowers to plan with greater certainty and take advantage of numerous tax-saving opportunities.