Glossary: Bonus Depreciation

By | May 24th, 2017|Categories: Glossary, Small Business Tax and Accounting|Tags: , , |

Bonus depreciation, in tax terms, refers to an accelerated form of depreciation available on certain types of assets.

Comments Off on Glossary: Bonus Depreciation

Glossary: MACRS

By | October 6th, 2015|Categories: Glossary|Tags: , , |

MACRS refers to "modified accelerated cost recovery system," which is the default depreciation method used for tax purposes.