Business

IRS spotlights expanded tax benefits for depreciation and expensing

IRS spotlights expanded tax benefits for depreciation and expensing

The Internal Revenue Service is highlighting tax reform changes that impact depreciation and expensing for nearly every business. In some cases, these changes allow small business owners and the self-employed to write off the cost of machinery, equipment and other property more quickly.

South America's Largest Solar Farm, Chinese Investment

South America's Largest Solar Farm, Chinese Investment

At a time when Trump is doubling down on fossil fuels and withdrawing the United States from global partnerships, Chinese President Xi Jinping’s sprawling “Belt and Road” initiative aims to put Chinese companies and innovation at the center of infrastructure development worldwide, including next-generation power sources.

The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla

The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla

BYD, the company which built the battery in the ’90s cellphone, now produces more Electric Vehicles than anyone—and it wants to sell them to you, soon.

Investors ramp up pressure on Exxon over climate change

Investors ramp up pressure on Exxon over climate change

Investors on both sides of the Atlantic are pushing ExxonMobil to disclose targets that would drastically reduce its greenhouse gas emissions in line with the Paris climate agreement.

Using An Intentionally Defective Irrevocable Trust (IDIT) To Gift Your Family Business

Using An Intentionally Defective Irrevocable Trust (IDIT) To Gift Your Family Business

If you are considering making a sizable gift to a family member such as a partial interest in the family business, how you structure the transaction can have a meaningful impact on the success of the transfer, minimizing taxes, and the control you have even after making the gift.

US-China Trade War: Brazil’s Gain?

US-China Trade War: Brazil’s Gain?

The escalating trade dispute between the United States and China has prompted the Asian country to turn to Brazil for goods like soy, corn, poultry and pork, increasing the South American nation’s agricultural exports. Moreover, Brazilian steel exports to the United States nearly tripled in June, compared to the same period last year, after the Trump administration slapped a 25 percent steel tariff on other trade partners but not Brazil, which instead agreed to limit its exports of the metal.