Service Centers May Find Tax Breaks 'Stimulating'

Battersby, Mark E.
March 2009
Metal Center News;Mar2009, Vol. 49 Issue 3, p2
Trade Publication
The article offers news briefs related to taxation in the U.S. More than $300 billion in potential tax savings is included in the American Recovery and Reinvestment Act of 2009. The Net Operating Loss carry-back provisions can provide potential savings on business tax provisions. With the aim to help small businesses, metal canter operators can choose to write off the cost the newly acquired equipment and certain other capital expenses.


Related Articles

  • Guidance on New Tax Law.  // Practical Accountant;Jan2005, Vol. 38 Issue 1, p26 

    This article presents information on tax laws. FASB has issued two terms of proposed staff guidance on how enterprises should account for the effects of the American Jobs Creation Act of 2004. One of the proposals, FSP FAS 109-a, deals with a tax break of up to nine percent by the time that it's...

  • This Tax Break's Broken. Sloan, Allan // Newsweek;1/31/2005, Vol. 145 Issue 5, p34 

    Reports that the U.S. Congress is trying to limit spending of tax break it granted as part of the American Jobs Creation Act of 2004. How one of the provisions gave a special one-time break to companies with overseas operations; Details of a loophole in the American Jobs Creation Act; Amount of...

  • CHAPTER 1: Tax Deduction Basics. Fishman, Stephen // Deduct It!;Nov2013, p5 

    The article offers information on the mechanics of processing tax deductions for business enterprises in the U.S. with details on how the firm is taxed, proper calculation on the value of tax deduction, and what items would be considered as tax deduction. It clarifies the right process in the...

  • Taxing Times: Haven't Filed? Rothenberg, Lance E. // Home Business Magazine: The Home-Based Entrepreneur's Magazine;Mar/Apr2012, Vol. 19 Issue 2, p46 

    The article provides information on the basic understanding of tax and its auditing in the U.S. It informs that taxes are a cost of business that one has to pay. It says that taxes can be minimized lawfully and suggests business owners to give time and effort to develop the knowledge of the tax...

  • The investment manager regime . . . so far. Dowd, Paul L. // Tax Specialist (1329-1203);Feb2013, Vol. 16 Issue 3, p104 

    The investment manager regime (IMR) is concerned with the taxation treatment of returns, gains, losses and deductions on certain investments of widely held foreign funds. The regime is being implemented in three stages. The first two elements, the so-called "conduit income" measures and the "FIN...

  • CHAPTER 7: Office Expenses. Fishman, Stephen // Deduct It!;Nov2013, p143 

    The article discusses the complex tax rules that cover the deductible costs for home office businesses. It explains the application of the rule for corporate employees and the method of calculating the deductions to meet the requirements of the U.S. Internal Revenue Service (IRS). It clarifies...

  • CHAPTER 4: Business Operating Expenses. Fishman, Stephen // Deduct It!;Nov2013, p65 

    The article discusses the basic rules for tax deductions from expenditures in operating a business enterprise in the U.S. It details the different kinds of business operating expenses such as rent, supplies, and salaries that meet certain requirements of the tax code from the Internal Revenue...

  • CHAPTER 5: Deducting Long-Term Assets. Fishman, Stephen // Deduct It!;Nov2013, p77 

    The article discusses the methods business enterprises can claim tax deductions for long-term assets. It details the rules from the Internal Revenue Service (IRS) on the properties that are admissible and deductible, the treatments for different types of properties, and calculations for asset...

  • CHAPTER 8: Car and Local Travel Expenses. Fishman, Stephen // Deduct It!;Nov2013, p187 

    The article discusses the Internal Revenue Service (IRS) ruling that allows tax deductions on the local transportation of business owners. It explains the different rules and their applications on transportation deductions by owners of sole proprietors, partners in partnerships, or members of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics