In the face of evolving market challenges, the apparel industry and other industries have seen a significant uptick in merger and acquisition (M&A) activity in recent years. Strategic buyers are increasingly swooping in to seize opportunities, and now, thanks to the new federal income tax law, they might have further incentive. H.R. 1, commonly known as the Tax Cuts and Jobs Act (TCJA), expands bonus depreciation, potentially providing robust tax benefits for buyers when transactions are structured as asset purchases.
