3 Surprising Factors in the IRS Mileage Rate
Inputs as diverse as international sanctions, ridesharing, and natural disasters lead to a sharp hike in the auto mileage deduction for 2019.
Be Cautious About ‘Sweating Your Assets’
Even though it can make certain metrics look better, merely letting assets depreciate isn't enough to sustain growth.
Get Ready for Phase-Out of Bonus Depreciation
Companies that buy lots of heavy equipment are in greatest need of apprising how to prepare for the coming changes.
Top 10 Tax and Accounting Mistakes Cost Companies Billions
U.S. businesses amassed nearly $7 billion in IRS civil penalties in 2013 stemming from tax and accounting mistakes.
Tax Breaks Not Helping Startups
"Limits on the ability [of startups] to use tax losses can significantly increase the cost of capital and marginal effective tax rates, says a think tank.
How Depreciation Can Hurt the Economy
Even though using depreciation is convenient for corporations, proper tax treatment of the costs of the assets is an underappreciated prerequisite for growth, says the author of a new study.
New Life for Synthetic Leases
The synthetic lease, a form of off-balance-sheet financing, boasts a relatively long history of use by companies for acquiring such items as heavy equipment, or such assets as vehicles with a shorter economic life.