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Tax Changes in 2023 with Kurtis Dixon
Every year, legislators make new regulations and changes to the tax code, and 2023 is no exception. On this episode of On the Shop Floor, Weaver’s Partners-in-Charge of Manufacturing, Distribution, and Retail Services—Colby Horn and Jody Allred—sat down to talk with Weaver’s Tax Services Partner, Kurtis Dixon on the latest developments and tax changes in 2023.
-Big tax changes are coming in 2023 for businesses and clients
-Bonus depreciation will begin to phase out in 2023, and be fully phased out in 2027 (20% reduction each year)
-R&E costs will now have a five-year amortization attached…
The skinny
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