by Matt Wildasin & Jim Schuck The transportation industry navigates a winding economic road, with conditions changing like the spring weather on a long-haul run. Just as a driver must touch base with the dispatcher, company owners and management must be in tune with the state of their financials. Around any curve could be unexpected […]
Read MoreA net operating loss on your tax return isn’t all bad news
04-08-2015
When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs (though of course the specific rules are more complex). If when filing your 2014 income tax return you’ve found that your business had an NOL, there is an upside: tax benefits. When a business incurs a qualifying NOL, the loss […]
Read MoreIn September of 2013, the Internal Revenue Service (IRS) issued regulations, effective no later than tax year 2014, that created guidelines for treatment of tangible…
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