NACCO Industries, Inc. Announces Second Quarter 2008 Results Aug 8, 2008
5 million, primarily for accelerated depreciation and manufacturing inefficiencies as a result of the Irvine restructuring. Revenues increased 22 percent in the second quarter of 2008 compared with the second quarter of 2007 primarily as a result of a favorable shift in sales mix to higher-priced lift trucks in Europe, favorable foreign currency movements in Europe from the strength of the euro and British pound compared with the U.S. dollar and increased unit volume. (PR Newswire)
Constellation Wines Australia to Sell Certain Assets and Implement Operational Changes to Improve Efficiencies and Returns Aug 7, 2008
The expected timing of the costs is as follows: Estimated Estimated Pretax Pretax Estimated Charges Charges Pretax During During Charges Fiscal 2009 Fiscal 2010 Total (in millions) Restructuring charges: Employee termination costs (cash)(1) $6 $- $6 Contract termination costs (cash) - 4 4 Other associated costs (cash) 1 1 2 Impairment charges (gains) on assets held for sale (non-cash) 37 (12) 25 Total restructuring charges, net 44 (7) 37 Other related costs (cash) 7 26 33 Accelerated... (PR Newswire)
Shenandoah Telecommunications Company Reaches 200,000 Wireless Customers and Reports Higher Net Income in Second Quarter 2008 Aug 6, 2008
4 million) due to accelerated depreciation on certain fiber-related equipment with a shorter life than originally anticipated. Local telephone operations generated operating income of $6. (PR Newswire)
The Washington Post Company Reports Second Quarter Earnings Aug 2, 2008
The Company reassessed the useful life of the other three presses and recorded accelerated depreciation beginning in June 2008; $1 ... 3 million in accelerated depreciation will be recorded in the second half of 2008. (Yahoo! Wire -- Entertainment News)
GO Zone funds mostly miss Hancock County Jul 29, 2008
He said the accelerated depreciation allowed him to deduct half the $150,000 he spent repairing his Katrina-flooded office. "All of us who were here when the storm hit and rebuilt our business took advantage of that (deduction)," Benvenutti said. (The Clarion-Ledger)
Loblaw Companies Limited reports second quarter 2008 results Jul 25, 2008
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
35 comments Jul 24, 2008
To accelerate the implementation of renewable electric generation with added incentives and a FASTER PAYBACK - ROI. (A method of storing energy, would accelerate the use of renewable energy) A greater tax credit, accelerated depreciation, funding scientific research and pay as you save utility billing. (Reduce and or eliminates the tax on implementing energy efficiency, eliminate increase in Real estate Taxes for energy efficiency improvement). (Human Events Online)
TRENTONIAN EDITORIAL: Simpleton Solons Jul 23, 2008
Regarding the walking and biking provisions, maybe one of the congressional Solons will offer an amendment allowing accelerated depreciation writeoffs for shoe leather, tax deductions for bicycle pumps and maybe even low-income loans for hiking boots. Before we learned of this legislation, we were astounded to see that the public approval rating for Congress had plummeted to 9 percent. (The Trentonian, NJ)
Goodyear to Close Australian Tire Plant Jun 26, 2008
Total restructuring and accelerated depreciation charges for this action are estimated to be approximately $125 million after tax, of which approximately $85 million is for cash charges. Goodyear anticipates recording charges of approximately $75 million after tax in the second quarter of 2008. (PR Newswire)
Stewart Enterprises Reports a 15 Percent Earnings Per Share Increase for the Second Fiscal Quarter of 2008 Jun 10, 2008
6 million decrease in depreciation expense for the year due to the accelerated depreciation of the Company's current computer software systems associated with the implementation of the new business systems in the prior year. The Company incurred less than $0. (Primezone Releases)
Editorial: Tell us what it would cost (May 14) May 18, 2008
As a country it makes more sense to subsidize (thru accelerated depreciation), utility incentives thru added fees for energy efficiency than to pay the expensive costs of not doing anything ... With energy efficiency there is an accelerated depreciation which expires at the end of they year. (Albany Democrat-Herald, OR)
Op-Ed / Jerry Jackson: Exxon - not the bad guy May 15, 2008
For those that are not familiar with the accounting term of accelerated depreciation, it simply means you can expense your newly acquired assets over a shorter period. For example, write the costs off over 3 years instead of 6 years. (Heber Springs Sun-Times, AR)
BWAY Holding Company Announces Second Quarter Fiscal 2008 Operating Results May 13, 2008
5 million of accelerated depreciation expense associated with the previously announced closure of the Company's Franklin Park, IL metal packaging manufacturing facility and a $1 ... 20 Shares - Diluted 21,679 25,025 21,670 25,020 (1) Accelerated depreciation associated with shortened useful lives of certain equipment taken out of service as the result of the previously announced closure of the Company's Franklin Park, Il. (PR Newswire)
DST Systems, Inc. Announces First Quarter 2008 Financial Results Apr 22, 2008
As a result of the Company's use of accelerated depreciation methods on printers and inserters, depreciation and amortization decreased $600,000 as compared to first quarter 2007. The cost reductions described above resulted in operating margin for first quarter 2008 of 9. (PR Newswire)
Remodel or build new hospitals in Barber County? Proposals discussed Apr 16, 2008
Geiler reminded the board that with new facilities comes accelerated depreciation which means relief on the front end of paying down the debt. Stacey told board members that the Barber County Commissioners must review these proposals and agree before calling for an election. (Alva Review Courier, OK)
Senate Aims for Midweek Vote on Housing Bill Apr 7, 2008
State " Zip: Email: 12 ISSUES FOR $12.00 71% OFF! 24 ISSUES FOR $18.00 79% OFF! 36 ISSUES FOR $24.00 Best Deal! Print Send (Updated with cloture filed.) By Martin Vaughan Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Senate Majority Leader Harry Reid, D-Nev., on Friday moved to end debate on legislation to help homeowners and businesses buffeted by home-mortgage woes, setting up a key procedural vote Tuesday. Reid filed for cloture on the bill Friday morning, setting up a vote at 2:15 p.m.... (SmartMoney)
No corporate income tax cut in Ontario Mar 27, 2008
Instead, provincial Finance Minister Dwight Duncan announced a series of more targeted business tax breaks totalling $750-million over the next four years, including further relief on capital taxes, an extension of the accelerated depreciation allowances on manufacturing machinery and equipment, and a 10-year tax exemption for new companies commercializing innovations coming out of Canadian universities and research institutes. Related Articles. (Globe and Mail -- National)
Ontario doesn't bite on corporate tax cut Mar 26, 2008
Instead, provincial Finance Minister Dwight Duncan unveiled a series of more targeted business tax breaks totalling $750-million over the next four years, including further relief on capital taxes, an extension of the accelerated depreciation allowances on manufacturing machinery and equipment, and a 10-year tax exemption for new companies commercializing innovations coming out of Canadian universities and research institutes ... Over all, we think the budget will help manufacturers deal with... (Globe and Mail)
Baucus stumps for Indian Country issues (2) Mar 5, 2008
Baucus said he would push for two other tax measures in his committee that would benefit Indian Country: an employment credit and an accelerated depreciation measure. "That sounds kind of boring on the surface, but it means jobs, it means economic development," he said. (Helena Independent Record, MT)
The New Tax Rebates: What's In It for You and for the Economy Feb 26, 2008
- Encouraging business investment: About $50 billion of the $153 billion package comes in the form of business tax breaks, mostly through the method of accelerated depreciation ... - Encouraging business investment: About $50 billion of the $153 billion package comes in the form of business tax breaks, mostly through the method of accelerated depreciation. (Townhall.com)
State is thinking big on energy Feb 24, 2008
Though a combination of creative tax incentives, free utilization of surplus state land for energy-related manufacturing, a stream-lined approval processes, state grants, encouragement of university participation, commitments to purchase these new technologies for state use, incentives for Massachusetts residents to purchase home-grown technologies, rewards for products brought quickly to market, accelerated depreciation for venture investments, and incentives for technology companies to... (Boston Globe)
Loebsack to Mt. Pleasant: How can I help you? Feb 23, 2008
" Therefore, she said her organization continues to seek federal funding sources to help with its upper story renovations project, which converts unused second floor spaces in the downtown area into housing units. Mt. Pleasant is currently into its third year in the program. "We appreciate those funds," Oetken said. After touring some small businesses, Loebsack said he pledged to help in financial aid and tax credits. Oetken said pre-1920 buildings were built with natural energy conservation in... (Mt. Pleasant News, IA)
Stimulus package may boost business spending Feb 22, 2008
It's called the "bonus depreciation" provision, or accelerated depreciation. How it works. (Pittsburgh Post-Gazette, PA)
Treasury seeks incentive extension Feb 21, 2008
The incentive provides accelerated depreciation for refurbished and new commercial buildings in 15 municipalities. There was evidence that this measure had made a difference in the pace of development, Manuel said. (Business Report, South Africa)
A manufacturing consensus Feb 20, 2008
In his upcoming budget, Finance Minister Jim Flaherty should extend the window for accelerated depreciation on manufacturing equipment for another five years. He should make scientific research and development tax credits refundable and commit to improving the administration of the system. (Globe and Mail)
Looming recession I: Totally spent Feb 14, 2008
Even with more tax breaks for business, like accelerated depreciation, companies won't invest in more factories or equipment when demand is dropping for products and services across the board, as it is now. Today in Opinion. (International Herald Tribune)
Diane Swonk - Economy Darkest Before the Dawn Feb 13, 2008
Some $168 billion in rebate checks, credits for children, and accelerated depreciation for businesses on new equipment purchases should be in the mail by May. Discounters are expected to do particularly well as those who earn the least are more likely to spend their checks. (PR Newswire)
Small business gets big lift from U.S. stimulus package Feb 13, 2008
"The accelerated depreciation will mean we will pay less taxes for quite some time.". Instead of depreciating the cost over a longer period, the family-run business can deduct 50 percent of the total cost this year and the normal depreciation of the remaining cost. (International Herald Tribune -- Business)
Congress passes stimulus plan Feb 8, 2008
Republicans, led by House Minority Leader John Boehner, R-Ohio, insisted on a healthy dose of business tax breaks, such as accelerated depreciation. Despite the bipartisanship, Sen. (USA Today -- Money)
Idaho Springs pushes solar energy projects Feb 5, 2008
The $250,000 system perched on the roof of Beau Jo's pizza ended up costing about $60,000 in out-of-pocket expenses, Bair said, after a $190,000 rebate from Xcel Energy, and less federal tax credits and an accelerated depreciation schedule for business-based solar systems. The federal tax advantages are scheduled to end Dec. 31. (Denver Business Journal, CO)
News Corporation Reports Record Second Quarter Operating Income of $1.4 Billion, a 24% Increase on Revenue Growth of 10% Feb 5, 2008
The U.K. newspaper group reported a decrease in operating income in local currency terms as compared with the second quarter a year ago primarily as a result of increased accelerated depreciation on the printing presses that will be replaced, sooner than anticipated, by the new color printing operations. During the quarter, advertising revenues were slightly above prior year while circulation revenues declined slightly. (Yahoo! Wire -- Entertainment News)
Shuster taps constituents for opinions on stimulus package Feb 1, 2008
Every business owner would benefit from accelerated depreciation, Shuster said. It would give them help with their cash flow. (Somerset Daily American, PA)
Subprime Lenders Get Tax Breaks in U.S. Senate Stimulus Plan Jan 31, 2008
The group's members also intend to claim another tax break for businesses in the House and Senate stimulus measures: an accelerated depreciation schedule for equipment purchases ... accelerated depreciation schedule. (Yahoo News -- Politics)
Time To Apply The 15% Solution: Making Bush Tax Cuts Permanent Jan 31, 2008
Any discussion of fiscal stimulus should at the very least include provisions for accelerated depreciation and seek a long-term solutions to what currently ails the U.S. economy. A simple first step would be to make permanent the tax cuts on dividends and capital gains President Bush and the Congress had the wisdom, and courage, to pass nearly five years ago. (Investors Business Daily)
Best return on each 'stimulus' dollar? Give to the poor Jan 30, 2008
com found that for each $1 in "accelerated depreciation," the main business tax cut in the package, resulted in just 27 cents of increased economic activity - and the latter would use scarce federal resources to provide assistance to families that are more likely to save than to spend the dollars they receive. A temporary increase in food stamp benefits would find its way immediately back into neighborhood stores and shops. (San Francisco Chronicle -- Opinion)
Most in GOP support president's goals Jan 29, 2008
Mary Landrieu, a Democrat, and David Vitter, a Republican, on Monday in lobbying congressional leaders to include in a stimulus package an extension of a tax break that allows accelerated depreciation in the Gulf Opportunity Zone. To be fully eligible for the tax breaks, construction projects must have begun by Dec. 31, 2007. (The Clarion-Ledger)
Tubbs Jones Releases Statement on Economic Stimulus Package Jan 25, 2008
" The legislation will provide tax rebates to middle-class and working families and is expected to directly affect as many as 116 million Americans. More than 70 percent of the rebates would go to individuals who pay taxes. Although work on the total economic stimulus package is not complete, the rebates are expected to phase out at $87,000 for individuals and $174,000 for couples. The economic stimulus package also includes provisions aimed at businesses, allowing for accelerated depreciation... (PR Newswire)
Past offers lessons for stimulus Jan 24, 2008
The least beneficial: business tax breaks such as accelerated depreciation. "Those kinds of tax breaks don't induce businesses to invest more aggressively sooner," Zandi says. (USA Today)
N.Y. Senator Is `Optimistic' That Stimulus Plan Can Be In Place by March Jan 21, 2008
Former Massachusetts governor Mitt Romney today touted his own plan, which includes measures such as tax breaks and accelerated depreciation schedules for businesses. My system is primarily based on trying to create jobs, not handing out cash to individuals,'' Romney said on ``Fox News Sunday. (Bloomberg -- Germany)
Media General to Divest Its One-Third Ownership Stake in SP Newsprint Co. and Use Proceeds for Debt Reduction Jan 19, 2008
Media General's tax basis in its SP Newsprint investment is lower than its book value primarily as a result of accelerated depreciation deductions that were generated due to the capital-intensive nature of the newsprint business. "We are pleased that SP Newsprint's strategic review has resulted in a satisfactory outcome," said Marshall N. Morton, president and chief executive officer of Media General. (Yahoo! Wire -- Entertainment News)
Bernanke Backs Calls for Quick Action Jan 18, 2008
He supported some proposals for investment tax credits or accelerated depreciation that will give an immediate boost to corporate or consumer spending without firing up inflation as the economy recovers. "Stimulus that comes too late will not help support economic activity in the near term, and it could be economically destabilizing if it comes at a time when growth is already improving," he testified. (BusinessWeek)
Hopes Grow For A Quick Stimulus Plan To Try To Boost Flagging U.S. Economy Jan 17, 2008
It could include accelerated depreciation to give small businesses an incentive to make investments sooner than later. Valliere said another "hot idea" would let companies write off more operating losses. (Investors Business Daily)
The inevitable stimulus package Jan 15, 2008
An effective stimulus package would include some or all of the following: tax rebates, accelerated depreciation, extended unemployment benefits and more generous food stamps. The Fed has already signaled further cuts in interest rates, but it can only cut so far. (Scripps Howard News Wire)
Govt may scale down tax sops for renewable energy Jan 13, 2008
Under the accelerated depreciation scheme, loss in renewable energy business can be set off against the profit of another business owned by the same entrepreneur ... In fact, those availing this scheme are not allowed to take the benefits under 80% accelerated depreciation scheme. (India Times)
Fixing forestry Jan 11, 2008
The same disconnect shows in the mini-solutions of the Forest Products Association of Canada: re-jigging research and development tax credits, extending the accelerated depreciation window for capital by three years, and an amorphous urging for the federal government to fund "market outreach.". It's hard to see how even a fabulously successful effort at market outreach - whatever that might be - could reverse the waves of closings, layoffs and balance sheet writeoffs afflicting the forestry... (Globe and Mail -- Business)
Would Someone Get Bush Off Campaign Trail, Please: Amity Shlaes Jan 9, 2008
The first idea on the Bush table is bonus depreciation, something similar to what was once called accelerated depreciation. This would let companies deduct half the purchase price of capital equipment, such as computers or machine tools. (Bloomberg -- Columnists)
McLean County added to wind farm lawsuit Dec 25, 2007
Lucratrive Shell Corporations wrote on Dec 23, 2007 3:45 PM:" Guess who invented "Green Credits"? Enron. For every unit of wind power produced, the developer receives an equal amount of green credit, which can be sold on the open market, or applied to his own project to bypass laws meant to reduce overall pollution. A very lucrative venture - coupled with accelerated depreciations benefits, TIF and Enterprise zone benefits and state, local and federal incentives and mandates forcing utlities to... (The Pantagraph newspaper)
Treasury report details corporate tax overhaul options Dec 21, 2007
The study said the rate could drop to 31 percent if a decision was made to retain the current break for accelerated depreciation of business investments. Another idea would replace the corporate income tax with a business activity tax, similar to a consumption tax on businesses. (Boston Globe)
Stewart Enterprises Reports Results For Fiscal Year 2007 Dec 20, 2007
o The increase in both the quarter and fiscal year balances was due in part to the accelerated depreciation of the Company's software systems associated with the implementation of two new business systems. Cash Flow Results and Debt for Total Operations o Cash flow provided by operating activities for the fourth quarter of 2007 was $27. (Primezone Releases)
Mattoon chosen as FutureGen site Dec 19, 2007
Wind Blows wrote on Dec 18, 2007 10:49 PM:" I don't know about the economics of this project, but I do know that wind mills are costing homeowners big bucks in increases on their electric bills. Gov. Rod made laws requiring utilities to buy wind even though it's expensive and undependable and utilities passed their costs along to consumers. That's partially why we had the huge spike in our electric bills in January - to pay for all the upgrades to the transmission lines to accept wind. There is... (The Pantagraph newspaper)
Moto Gold Project-Feasibility Study Completed Dec 14, 2007
Accelerated depreciation provisions allowed under DRC legislation have been incorporated where applicable. Evaluation of the FS was undertaken on a project basis and excludes non project costs related to agreements between Moto and OKIMO and surface rental due to the state. (CCNMatthews Press Releases)
GO Zone success mixed Dec 10, 2007
But many coastal businesses have used the other GO Zone provisions, which include accelerated depreciation of new equipment and federal help in paying new employees ... Michael McNeil, marketing director for Revelay developer Sterling Resorts, said most buyers of units will be investors and some could be eligible for the GO Zone provision for accelerated depreciation of rental properties. (The Clarion-Ledger)
Investing in the sun Nov 30, 2007
It gets federal tax credits, accelerated depreciation, state rebates and the bulk of the revenue from the power purchase agreement ... There's also a tax benefit from accelerated depreciation, said Barry Neal, director of environmental finance for Wells Fargo Bank, which has been a early investor in several solar projects, including with SunEdison. (San Diego Union-Tribune -- Business)
Oklahoma Republicans oppose passage of federal tax legislation Nov 13, 2007
One of the tax credits allows businesses that locate on or expand to former Indian lands to qualify for an accelerated depreciation schedule, which permits them to recover the costs more quickly. A second provides an additional deduction for businesses that operate on former Indian lands and employ American Indians. (Bartlesville Examiner-Enterprise, OK)
Clean Harbors falls, beats estimates Nov 8, 2007
Newspaper profits fell 25 percent as the company recorded accelerated depreciation in its British operations largely because presses there will have to be replaced earlier than expected to make way for new color printing facilities. Circulation revenue grew slightly while advertising revenue fell slightly. (Boston Globe)
WGL Holdings, Inc. Reports a 22% Increase in Fiscal Year 2007 Earnings and Issues Fiscal Year 2008 Guidance Nov 8, 2007
ANALYSIS OF TOTAL FREE CASH FLOW LESS THAN CAPITAL EXPENDITURES Fiscal Year Ended September 30, (In thousands) 2007 2006 GAAP net income (applicable to common stock) $107,900 $87,578 Less: (Loss) from discontinued operations - net - (7,116) GAAP income from continuing operations 107,900 94,694 Depreciation and amortization (a) 93,256 96,843 Change in deferred income taxes - accelerated depreciation 6,831 7,324 Adjusted cash available before dividends 207,987 198,861 Dividends on common stock... (PR Newswire)
News Corporation Reports First Quarter Operating Income of $1.05 Billion; Growth of 23% over First Quarter a Year Ago Nov 8, 2007
-- Newspapers operating income declines versus a year ago as the new color printing operations in the U.K., nearing completion, results in increased accelerated depreciation on the presses being replaced ... The U.K. newspaper group reported a decrease in operating income in local currency terms as compared with the first quarter a year ago primarily as a result of increased accelerated depreciation on the printing presses that will be replaced, sooner than anticipated, by the new color printing... (Yahoo! Wire -- Entertainment News)
NTELOS Holdings Corp. Reports Third Quarter 2007 Operating Results Nov 2, 2007
3 million of accelerated depreciation related to 3G-1xRTT equipment scheduled to be replaced or redeployed in connection with the EVDO upgrade. (3) Earnings (Loss) per share and average weighted shares outstanding have been adjusted for all periods in 2006 to reflect the conversion of Class A and Class L common shares to Class B common shares as of the initial public offering based on a 2. (PR Newswire)
TELUS Reports Third Quarter Results Nov 2, 2007
VANCOUVER, Nov. 2 /CNW/ - TELUS Corporation today reported that third quarter 2007 revenue increased 4. Also encouraging was a reduction in incremental costs and improved performance associated with the new wireline billing and client care system in Alberta. (Canada Newswire)
Western Wind Energy to Initate Development and construction of solar energy facilities in the Southwestern United States Nov 1, 2007
30% up front federal tax credit available on the entire project to tax equity investors plus accelerated depreciation allowing for substantial incentives to tax investors at the project level; and 7. With wind energy production in California having a peak generation hour of 12 midnight and solar energy having a peak generation hour of 3:00 p.m., the combination of wind energy and solar energy offers the ratepayers of California a significant amount of certainty, reliability and delivery of both... (PR Newswire)
Corporate taxation Nov 1, 2007
Tax credits, subsidies, offshore tax shelters, accelerated depreciation, stock options all cut into what the average, intelligent person would immediately see as profit. Some industries may really be paying as little as 2% when you figure in their myriad ways to hide income. (Fresno Bee -- Opinion)
Frontier hopes to start regional operation by year-end Oct 29, 2007
8 million in startup costs for Frontier's turboprop subsidiary, Lynx Aviation, and accelerated depreciation totaling $1. 5 million for a seat replacement project. (Madison Daily Leader, SD)
Cost Segregation Oct 19, 2007
Under existing IRS tax law, accelerated depreciation expense deductions are available to all federal taxpayers ... Which building components are eligible for accelerated depreciation ... Many property owners can identify nonstructural items that qualify for accelerated depreciation. (Suite101.com)
Wyeth 3Q profit falls on charge Oct 19, 2007
The charge is for some severance pay, accelerated depreciation of some manufacturing plants and closure of one plant used for making arthritis drug Enbrel, moves that are part of a long-running restructuring begun in 2005. That matched the forecast of analysts polled by Thomson Financial, excluding charges; they had forecast sales of $5. (San Diego Union-Tribune -- Business)
Our industries can win, but they can't do it alone Oct 15, 2007
The government introduced a two-year write-off for investments in manufacturing and processing machinery and equipment, as well as accelerated depreciation for investments in manufacturing facilities, computer equipment, and some energy technologies. There was a renewed commitment to more efficient regulations; the importance of innovation was acknowledged; and there was significant new investment in logistics and border infrastructure. (Globe and Mail -- Business)
