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Selling a Corporate Business When selling a corporate business, there are several ways to minimize the resulting tax bill. This article summarizes some of the more important tax and business considerations.   Which Is Best for Your Business: Section 179 or 100% Bonus Depreciation? Taxpayers who acquire assets for use in their trade or business activity have a very good chance of writing off the entire cost, thanks to 100% bonus depreciation plus very generous Section 179 deduction limits.   Voluntary Contractor Settlement Program (VCSP) Worker classification has generated controversy between taxpayers and the IRS for decades - with businesses pushing for independent contractor status and the IRS pushing for employee status.