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

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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