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ACCA Urges Congressional Leadership to Protect Pro-Contractor Tax Policies
ACCA President & CEO Barton James recently sent a letter to Congressional leadership urging them to address looming tax changes that could significantly impact small businesses in the HVACR industry.
Often, HVAC businesses are forced to deduct an asset’s value over several years. However, Section 179 allows you to take the entire depreciation deduction of certain equipment in a single year. Learn more in this blog from ACCA Corporate Partner ECI Thermogrid.
In a significant move towards enhancing taxpayer experience, the IRS has unveiled its ambitious plan to develop a government-run, free tax filing program, Direct File. The IRA of 2022 directed the IRS to study the possibility of a free, direct e-file program. See who qualifies here.
Contractors need to be familiar with heat pumps, especially if they haven’t worked with them much in the past. Check out this blog post to learn more about the changes, challenges, and opportunities that come with electrification.
The Inflation Reduction Act (IRA) offers several exciting tax incentives for the HVAC industry. Read more about the Inflation Reduction Act at this blog.
ACCA recently fought against a new bill seeking to raise small business taxes. Read more about how ACCA’s fights for the HVAC industry at the blog below.