Deductions, depreciation are adding up for some small-business owners

TAX GUIDES: Anthony Scorpio speaks with Judith Giannini at Mullen Scorpio & Cerilli in Providence. The certified public accountants help small businesses apply new tax laws, such as the Qualified Income Business Deduction. / PBN PHOTO/MIKE SKORSKI
TAX GUIDES: Anthony Scorpio speaks with Judith Giannini at Mullen Scorpio & Cerilli in Providence. The certified public accountants help small businesses apply new tax laws, such as the Qualified Income Business Deduction. / PBN PHOTO/MIKE SKORSKI
Small-business owners in Rhode Island are taking advantage of tax credits and cuts first made available in 2018 but which are becoming more commonly known, according to accountants. Chief among them is a 20% tax deduction on net business income. Another significant benefit allows businesses to write off at an accelerated pace most major purchases,…

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