1. Column
  2. Top Line

Putting Economic Stimulus Provisions to Work


Related
TOPICS

Many financial executives say their companies are using or are planning to take advantage of economic stimulus tax provisions, according to a Grant Thornton survey of U.S. CFOs and senior comptrollers.

 

Here are the provisions they’re planning to use:

 

  • Bonus depreciation (50%)
  • Increased section 179 expensing (46%)
  • Net operating loss carryforwards (43%)
  • Acceleration of R&D or AMT credits (25%)
  • Cancellation of debt income (9%)

 

Source: Grant Thornton survey of senior financial executives, grantthornton.com.

 

SPONSORED REPORT

6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.