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  • Happy days are here again? With industry indicators pointing up, the time may be right to reassess business practices

    Summer 2013
    Newsletter: Manufacturer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1005

    Abstract: With industry data showing that the upward trend of American manufacturing output seems sustainable for the foreseeable future, manufacturers should reassess their business strategies. This article discusses renegotiating loans and leases, reinvesting in human resources and facilities, and retooling pricing, marketing and public relations. A sidebar notes the congressional extension of two depreciation-related tax incentives through 2013.

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  • Deduct vs. capitalize — New regs offer guidance

    May / June 2012
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1005

    Abstract: When one is spending money on tangible business property — such as buildings and equipment — it’s important to pay attention to whether these expenditures are classified as maintenance or repair, for this can have a big impact on taxes. Sometimes, though, it’s hard to tell the difference between these types of costs. This article discusses new IRS regulations that provide guidelines on the improvement vs. repair question, taking into account special rules for buildings. A sidebar looks at whether deducting the costs of "refreshing" the appearance and layout of stores is permitted. Citation: Welch v. Helvering (290 U.S. 111)

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