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2016-17 Federal Business Tax Planning Guide



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Businesses can look forward to a more predictable year-end in 2016 when it comes to taxes, thanks to the passage of legislation at the end of last year that extended a number of federal tax breaks, some permanently. For a number of years, Congress had gone down to the wire in deciding on the extensions, which were approved on a year-to-year basis.

The extensions in the Protecting Americans from Tax Hikes (PATH) act covered a wide variety of areas, from depreciation to tax credits for research and development, and hiring workers with significant barriers to employment, to deductions that allow the expensing of certain capital investments.

At the same time, there were changes in company obligations under the Affordable Care Act, including an extension on the moratorium on taxation on the sale of certain medical devices.

Our Federal Tax Planning Guide contains information to aid your business in tax planning.