Putting Economic Stimulus Provisions to Work


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

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.