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WebNov 2, 2024 · Here are 10 ideas for small businesses to consider. 1. Claim Bonus Depreciation for 2024 Asset Additions Thanks to the Tax Cuts and Jobs Act (TCJA), 100% first-year bonus depreciation is available for qualified new and used property that’s acquired and placed in service in calendar year 2024. WebFor 2024, you can contribute 20 percent of your net profit from self-employment, plus an elective deferral contribution of up to $19,000. The maximum contribution for 2024 is $56,000. The Simplified Employee Pension (SEP) IRA allows you to contribute up to 20 percent of your net profit from self-employment every year, up to a maximum of $54,000 ... WebAug 14, 2024 · Seminar 19: Closing the Retiree Tax Gap: How to Boost Your Income by Paying Less to the IRS — April 2024. Seminar 20: How Your Estate Plan Should Be Changed Because of the Latest Tax Law — May 2024. Seminar 21: How to Invest During the Fed’s Great Pause and With Fading Tailwinds: Investment and Economic Review — … pilot shop supply