How Microsoft Dynamics GP and Bonus Tax Depreciation Can Combine to Improve Your Cash Flow

by Mark Polino, Director of Client Services, Fastpath
published May 13, 2009

CFO Magazine recently reported on a study indicating that bonus tax depreciation boosts cash flow.

Bonus depreciation, enacted in 2008 and recently extended for another year, allows companies to accelerate the depreciation of long-lived assets for tax purposes. Specifically, companies get to claim a 50% tax deduction for qualified assets and the remaining amount depreciates over the statutory life of the asset.

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About Mark Polino

Mark Polino is a Certified Public Accountant (CPA) and a Microsoft MVP for Business Solutions. He is the author or coauthor of 5 books related to Microsoft Dynamics GP.  Mark also maintains the Dynamics GP focused website DynamicAccounting.net. He speaks and writes regularly about ERP related topics. Mark has been a controller and CFO for a division of a publicly traded company and he has  worked as a consultant implementing ERP solutions. Mark holds additional certifications including Certified Information Technology Professional (CITP), Certified in Financial Forensics (CFF) , Chartered Global Management Accountant (CGMA). Dynamics Credentialed Professional for Dynamics GP 2015 (Core Install and Core Financials), Xero Certified. He holds a bachelor's degree in accounting from the University of Central Florida and an MBA from Rollins College. Mark lives with his family in Florida.

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