PRACTICE TIP

AS YOU ROUND OUT 2020, consider prepping your practice for tax season and the next fiscal year by reviewing Section 179 to evaluate deductions on specific property, such as machinery and equipment. For more information on opportunities for business-related expenses, view our coverage on tax deductions in the December 2019 issue at bit.ly/OM19deductions , and reference the IRS website at bit.ly/IRStaxcuts. OM