TWC chair: Congress should focus on jobs Nov 7, 2009
He also suggested that Congress reinstate an investment-tax credit law repealed in 1986 that allows for accelerated depreciation for capital investments in the United States. Pauken also said that Congress needs to replace the current business tax system with a revenue-neutral, border-adjusted consumption tax which, he argues, would bring some good-paying jobs back to America. (Dallas Business Journal, TX)
Jobs Now, Deficit Reduction Later Oct 31, 2009
Some elements in the current stimulus package should be extended including unemployment benefits, health-care subsidies for the unemployed, and the provisions for accelerated depreciation and tax breaks to businesses for operating losses. Funds should be channeled into loans for small businesses, as President Barack Obama recently proposed. (BusinessWeek)
Rurban Financial Corp. Reports 2009 Third Quarter Financial Results Oct 29, 2009
In addition, pre-tax charges associated with the planned spin-off of RDSI Banking Systems, Rurban's data and item processing subsidiary, included increased legal fees of $155 thousand, accelerated depreciation of the ITI software used at RDSI of $360 thousand, and expenses incurred at RDSI for the ramp-up conversion of clients to the Single Source(tm) system totaling $335 thousand ... 3 million compared to the 2008 provision, $300 thousand in special FDIC insurance assessments, $411 thousand in... (Primezone Releases)
Rurban Financial Corp. Prepares for Planned Spin-off of RDSI Banking Systems Oct 23, 2009
Anticipating an end to data processing operations using the current ITI software, Rurban commenced an accelerated depreciation expense of its ITI software and associated software starting in August 1, 2009, with the entire balance of $4. 7 million expected to be written-off by the last half of 2010. (Primezone Releases)
Wind turbine tax promise lacks substance Oct 22, 2009
As I have investigated these claims of promised new tax revenues, I was struck by what is not shared: Subsequent appeals of the taxes, attempts to claim the turbines are not real property and affects of accelerated depreciation on these turbines thereby rapidly reducing the taxable value. Once the projects are built (and all of the exceptions to the zoning ordinances are repeatedly granted), the taxing jurisdictions have lost any leverage over these developers. (Princeton Bureau County Republican, IL)
READ: The company's press release Oct 20, 2009
2 million in the third quarter of 2009 which included accelerated depreciation expense ... The company also recorded non-cash facility consolidation costs, including accelerated depreciation, and asset impairment charges totaling $86 ... 2 million in the third quarter of 2009 which included accelerated depreciation expense. (USA Today -- Money)
IDFC PE set to buy BP wind power assets Sep 11, 2009
A 100% accelerated depreciation, which is now reduced to 80%, in the first year has been the key driver of wind power business in a decade and a half. This leads to enhanced cashflow for a firm setting up a wind energy plant while limiting the tax outgo for the firm. (India Times)
Fixed Asset Accelerated Depreciatio... Sep 6, 2009
Fixed Asset Accelerated Depreciation Methods. Fixed Asset Accelerated Depreciation Methods ... The double declining balance and units of production methods are two methods of accelerated depreciation. (Suite101.com)
Axiata posts best quarterly profit since listing Aug 28, 2009
Excluding interest charges on bridging loan (RM23mil), Idea Cellular Ltds financing costs (RM56mil), accelerated depreciation at Dialog Telekom Ltd (RM159mil) and forex gains (RM343mil), the adjusted net profit rose 3% year-on-year ... Net earnings, however, were impacted by the accelerated depreciation from the network modernisation. (The Star Online, Malaysia -- Business)
Are liberals just conservatives on the left? Aug 27, 2009
" And my guess is that the highenders got more cut off their taxes than the lowenders.Furthermore, we have not taken into consideration the lower rates on capital gains, which undoubtedly favors the highenders. However that advantage is mitigated by the meltdown in early 2008 after a minor meltdown in 2002.Nor have we taken into consideration any accelerated depreciation and a lot of other stuff that I would not be able to comment on without studying it more. So what I am expecting is that those... (Waterloo-Cedar Falls Courier)
Wind company joins Greene Accelerator Aug 4, 2009
In a community wind scenario, said Mathes, public and private partnerships take advantage of the full suite of state and federal grants, tax credits, accelerated depreciation, and other programs to fund the project. Benefits to the community can include deeply discounted or free electricity to offset municipal or institutional use -- favorable electricity rates for key high-energy-use commercial operations that are critical to the community s economic health, he said, as well as a direct stream... (Catskill Daily Mail, NY)
The Washington Post Company Reports Second Quarter Earnings Aug 1, 2009
3 million in accelerated depreciation at The Washington Post (after-tax impact of $8 ... Excluding charges related to early retirement plan buyouts and accelerated depreciation at The Washington Post, the newspaper publishing and magazine publishing divisions reported increased losses in the second quarter of 2009, compared to the second quarter of 2008 ... 7 million in accelerated depreciation at The Washington Post (after-tax impact of $17. (Yahoo! Wire -- Entertainment News)
Carters Inc. Q2 profit skyrockets Jul 29, 2009
9 million in second-quarter pre-tax charges related to severance and other benefits and accelerated depreciation. The restructuring included cutting its corporate workforce by 10 percent; the closure of its Oshkosh, Wis. (Atlanta Business Chronicle, GA)
> RELATED: Frontier posts 8th month of operating profit Jul 29, 2009
4 million in accelerated depreciation for a planned aircraft sale, compared to $3. 4 million in expenses in the same month of 2008. (Denver Business Journal, CO)
Acquisition impacts Ashlands 3Q Jul 25, 2009
The quarter included severance and accelerated depreciation charges of $16 million pretax, related to cost reduction programs; a non cash charge of $10 million pretax from accelerated debt-issuance-cost amortization related to the retirement of a bridge loan; and an unfavorable foreign tax judgment of $8 million. Those resulted in per-share impact of 33 cents per share for the quarter, Ashland said in a news release. (Louisville Business First, KY)
Boston Scientific Announces Results for Second Quarter Ended June 30, 2009 Jul 21, 2009
Restructuring and restructuring-related charges - These adjustments primarily represent severance, employee-related retention incentives, asset write-offs, accelerated depreciation, costs to transfer production lines from one facility to another, and other costs associated with the Company's plant network optimization and expense and head count reduction initiatives. These expenses are not indicative of the Company's on-going operating performance and are excluded by management in assessing the... (PR Newswire)
READ: Gannett's press release Jul 16, 2009
The company also recorded accelerated depreciation expense associated with certain facility consolidation initiatives ... The company also recorded accelerated depreciation expense associated with certain facility consolidation initiatives ... The company also recorded accelerated depreciation expense associated with certain facility consolidation initiatives and a pension settlement gain. (USA Today -- Money)
Don't Miss Tax Deductions On Your Real Estate Investment Jul 15, 2009
Basically, the IRS allows real estate investors to choose to use an accelerated depreciation method which can result in costs being recovered at twice the rate applicable to the real estate property if the 27. 5-plus-year deduction were used. (RealtyTimes)
Budget could disappoint markets: Amitabh Chakraborty Jun 28, 2009
We also anticipate an increased rate of accelerated depreciation for new plants, in line with that offered to commercial vehicles. Capital markets: Reduction in STT from 0. (India Times)
Marine Renewables Make Some Headway Jun 16, 2009
EnergyPulse - Insight Analysis and Commentary on the Global Power Industry. Free Newsletter Sign up today for your free subscription to the EnergyPulse Weekly Update - delivered directly to your e-mail box. (Energy Pulse, CO)
Cablemas 4Q08 Net Revenue and Adjusted EBITDA Up 18.2% and 5.0% YoY May 16, 2009
3 million, principally reflecting accelerated depreciation in previous quarters. Comprehensive Financial Results, Net. (Yahoo! Wire -- Entertainment News)
A coherent energy policy May 11, 2009
What we need is a "Put a Man on the Moon"-like green technology initiative that embraces a series of well-thought-out energy grants, investment tax credits, accelerated depreciation; sensible "energy sell-back" legislation could provide a great deal of employment and is the way to go. Surely, a country that dreamed up the "securitization" model and complex hedges against floating rate changes can come up with a plan to put Americans to work producing electricity. (NJ.com -- Times)
BWAY Holding Company Announces Strong Second Quarter Fiscal 2009 Earnings Results and Increases Annual Guidance May 5, 2009
5 million of accelerated depreciation expense associated with plant closures and a $1 ... 02) ===== ===== ===== ====== Shares - Diluted 22,995 24,150 22,907 21,670 (1) Accelerated depreciation associated with shortened useful lives of certain equipment taken out of service as the result of the previously announced closure of the Company's Franklin Park, Il. (PR Newswire)
An action plan to save Canada's forest industry Apr 28, 2009
Governments must extend the accelerated depreciation rates on capital investment and the loss carry-back provisions. BUST RAIL MONOPOLY POWERS. (Globe and Mail -- Business)
Push for tax breaks on 'green' buildings Apr 19, 2009
Mr Greiner, the deputy chairman of the property giant Stockland, said allowing accelerated depreciation for making older shopping centres and office blocks energy-efficient was the best tax reform measure the Government could take to cut greenhouse gas emissions in the present economic environment. But the push by property owners and environmentalists appears doomed in the short term, with federal Environment Minister Peter Garrett saying last week that the measure would almost certainly not be... (Sydney Morning Herald -- Australia)
Polis: I'm just a bill on Capitol Hill Apr 15, 2009
Robert Kennedy introduced the first enterprise zone legislation, known as the "Urban Employment Opportunities Development Act of 1967." The bill offered accelerated depreciation schedules, federal tax credits, and job-training programs as incentives for employers to locate in urban poverty centers. Enterprise zones have succeeded in attracting needed capital to our urban poverty centers. (CNN -- US)
Trifecta of Conergy Solar Energy Solutions Brings Eos Estate Winery Earth-Friendly Answers to Their Power Needs Apr 15, 2009
"The rebates, tax incentives, accelerated depreciation, environmental benefits and brand cache that go with pursuing clean energy solutions in today's marketplace have never been more appealing," said Conergy Project Developer Michael DeSousa, who engineered the solutions for all three of the wineries participating in the Wine and Shine Tour and Tasting. "The participation of these three successful wineries in this exclusive Earth Week event is not only a testament to their business savvy, but... (Yahoo News -- Press Releases)
CityNorth legal fight has fallout for business Apr 12, 2009
ACCELERATED DEPRECIATION. A four-year accelerated depreciation schedule for certain types of equipment has been adopted by the state to encourage new capital investment and reduce a company's personal property tax liability. (AZCentral -- News)
Fuels sector heats up over Transnet tariff bid Apr 6, 2009
" BP is not against Sasol earning something for its location advantage. It simply believes the new tariff grossly exaggerates that advantage. Chevron, in its submission to Nersa, puts the current windfall at about 0.6c a litre for fuel produced at the Natref refinery and about 14.35c a litre for fuel produced by Sasol at Secunda. Glass says BP will "definitely consider" taking the matter to the competition commission, depending on the outcome of Nersa's pricing recommendations. The oil company,... (Business Report, South Africa)
Housing market wins Apr 3, 2009
The bill provides tax relief and accelerated depreciation for small businesses and others who invest in energy conservation and the use of alternative energy in commercial buildings. Homeowners can also benefit from grants to state and local governments for energy audit programs and for retrofitting homes in order to make them more efficient. (NJ.com -- Times)
A. Schulman Reports Fiscal 2009 Second-Quarter Results; Excellent Liquidity Position Improves Apr 3, 2009
" Conference Call on the Web A live Internet broadcast of A. Schulman's conference call regarding fiscal 2009 second-quarter earnings can be accessed at 9 a.m. Eastern time on Friday April 3, 2009, on the Company's website, . An archived replay of the call will be available on the website. The live conference call is also accessible in a listen-only mode by telephone at 617-597-5326, passcode 39727489. Use of Non-GAAP Financial Measures This earnings release includes the use of both GAAP... (PR Newswire)
Ontario cutting business taxes by $4.5-billion Mar 27, 2009
Other measures will mirror moves made in the federal budget, such as accelerated depreciation rates for computers and software, and improved depreciation rules for machinery used in manufacturing and processing. The budget was silent on the cost or scope of a bailout for automotive manufacturers in the province, but officials pointed out that there is a $3. (Globe and Mail -- National)
Quinn's budget plan seems to borrow pages from Blagojevich Mar 22, 2009
The so-called accelerated depreciation clause has failed to net support in prior General Assemblies. The new governor also wants to use money from the states pension system to help fill the budget hole, a concept that Filan championed in Blagojevichs first term in office. (The Pantagraph newspaper)
Assessor Releases 2008 Middlebury Grand List Mar 14, 2009
"There was an accelerated depreciation for many SUV models with low fuel efficiency ratings," Mr. Kenny said. He gave examples for eight-cylinder vehicles: 2006 Lexus GX 470, at 100 percent retail value, was valued in 2006 at $50,535. (Voices, CT)
SBA meetings to address stimulus opportunities Mar 11, 2009
Programs to be discussed at the workshop include money targeted for SBA and lending programs as well as tax breaks such as accelerated depreciation, extended expensing of capital goods purchases, and credits for hiring disadvantaged people. Small business contracting opportunities, including shovel ready projects in Arizona, also will be discussed. (Phoenix Business Journal, AZ)
FuelCell Energy Reports First Quarter 2009 Results and Latest Accomplishments Mar 11, 2009
Projects using FuelCell Energy's stationary fuel cells, originally developed with support from the DOE, are allowable under several provisions of the ARRA. These include an enhanced federal Investment Tax Credit accessible to project developers in the form of a grant and, in some cases, on a larger cost basis; a faster accelerated depreciation schedule for shovel-ready projects; and increased incentives for ultra-clean, efficient energy projects. Corporate Highlights. (Primezone Releases)
The Cooper Companies Announces First Quarter 2009 Results Mar 6, 2009
4 million related to accelerated depreciation due to equipment upgrades. Restructuring charge of $3. (Primezone Releases)
Breakwater Resources Ltd.'s 2008 Year-End and Fourth Quarter Financial and Operating Results Feb 27, 2009
8 million compared with 2007 primarily due to higher tonnes of concentrate sold and accelerated depreciation of the Grevet B deposit related to a change in the mine plan for this deposit ... 0 million in 2008 compared with 2007 primarily due to the higher production in 2008 and accelerated depreciation of the Grevet B deposit related to a change in the mine plan for this deposit. (CCNMatthews Press Releases)
Himes updates local officials Feb 27, 2009
Himes said that small business owners would be helped by the stimulus package both directly, through tax incentives like accelerated depreciation and credits against future taxes and also indirectly, as taxpayers benefit from their rebates and have more money to spend. Families in Westport should see a bit more money said Himes because all but the most affluent Americans will get a tax cut. (Fairfield Minuteman, CT)
Sen. Inhofe: Stimulus Bill a Giant Welfare Package Feb 27, 2009
One is a loss carry back I think it goes from two to five years and the other is accelerated depreciation. But this only amounts to 3 1/2 percent of the total of $789 billion. (Newsmax)
Stimulus highlights for individuals Feb 24, 2009
Accelerated depreciation: You can quickly expense the cost of some equipment purchases this year rather than gradually write off their reduced value in years to come. Last year's rules are extended to allow a full deduction for investments up to $250,000, a partial discount for purchases up to $800,000 and a fading deduction up to $1. (AZCentral -- Business)
HealthSouth Reports Results for Fourth Quarter Ended December 31, 2008 Feb 24, 2009
39 Accelerated depreciation of corporate campus (3) 10 ... 8 Depreciation and amortization, excluding accelerated depreciation of corporate campus 73. (PR Newswire)
Taxes and money: Time to prepare 2008 return, get ready for 2009 taxes Feb 23, 2009
These items include tax-exempt interest from certain private activity bonds, depletion, intangible drilling costs and accelerated depreciation from certain property placed into service before 1987. While tax preference items appear generally for the wealthy taxpayers, adjustments affects almost everyone and can either increase or decrease alternative income. (Lake County News)
What the stimulus plan will do for you Feb 22, 2009
If you're considering expensive upgrades, the stimulus keeps accelerated depreciation timetables and a write-off that is especially helpful to small businesses. Once again, you can quickly expense the cost of some equipment purchases this year rather than gradually write off their reduced value in years to come. (AZCentral -- News)
Big Government Is Back In Vogue Feb 16, 2009
It also would have cut the two lowest tack brackets by 5%, lowered the corporate tax rate by 10% for small businesses and accelerated depreciation for capital investments for small businesses. This alternative to the Obama plan would have cost $421 billion. (Human Events Online)
Oregon lawmakers snip tie with stimulus tax breaks Feb 14, 2009
The breaks include provisions for accelerated depreciation of business equipment such as computers and for excluding some unemployment compensation. The bill has cleared the Legislature on largely party-line votes, Democrats for, Republicans against. (KGW Northwest NewsChannel 8, OR -- Business)
Every little bit helps Feb 8, 2009
Any accelerated depreciation or immediate write-offs in capital purchases does encourage us to make upgrades in our restaurants sooner than later. So for us, this type of tax policy does encourage investment on our part. (Columbus Business First, OH)
