Depreciation | AccountingWEB



Depreciation Alternative Can Lead to Big Savings

Countless tax-challenged entrepreneurs mistakenly believe that depreciation is the only way to deduct equipment purchases. As a result, they pay far more in taxes than legally required.

How to Maximize Your Mileage Tax Break

Everyone knows the IRS has a cents-per-mile system, but the "actual expense" method, although more complex, may save your clients some money. It's not too late to change for 2014.

IRS announces new auto depreciation limits for 2011

The IRS has published Revenue Procedure 2011-21 which sets out new guidelines for inflation-adjusted depreciation limits and lease inclusion amounts for passenger vehicles.
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