These great results are set to continue with tens of thousands more small businesses able to access the instant asset write-off
thanks to the Governments increase in the small business turnover threshold to $10 million per year.
A keyword search for "goodwill impairment" on Lexis-Nexis newswires found that 214 individual companies--excluding banks and insurance companies--announced goodwill write-offs
Technique 1: Compare bad debt expense (BDE) to write-offs
Leading car data provider HPI says that being aware of the different categories of insurance write-offs
can save potential customers money and, in extreme cases, may even save lives.
However, counter to the way implemented by many taxpayers, the repeal of the reserve method does not require them to rely on the write-off
entry recorded for financial accounting purposes; Congress intended to allow a deduction for partially worthless business bad debts in the year in which ascertained worthless, provided they are charged off by the taxpayer.
If your company buys $390,000 worth of equipment this year and takes a $100,000 write-off
while the other $290,000 must be depreciated, bonus depreciation could give you an additional $145,000 deduction up-front (50% of $290,000) while the remaining $145,000 can be deducted, via depreciation, on the equipment's usual schedule.
Finnish telecomms group Elisa Corporation, parent company of Elisa Group, announced today (26 June) that it would book a EUR142m one-time write-off
on the value of FMS Dravit Asset Management GmbH shares.
really kicked off the process in late March, when it took a $54 billion write-off
, reflecting the erosion of value in the merger between AOL and Time Warner.
This would hinder the shady rebuilders who, knowing a car is listed as written off but repairable, readily admit its write-off
status to buyers but claim they have restored the vehicle to ``as good as new'' and offer it at a bargain price.
Other revised write-off
plans include 500 billion yen by the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Corp.
We need to create a scheme to ensure (the outright write-off
of bad loans) keeps going,'' FSA Commissioner Shoji Mori told reporters.
Francis, Hanna and Vincent  provide evidence that both factors (manipulation and impairment) can drive write-off