New tax rules that start January 1 will change the way trucking companies and other U.S. businesses account for real estate and business equipment and could create room for more same-year deductions rather than multiyear depreciation, according to several tax experts.
Broken-Up Brokerages
- 17 Jan 2014
The number of freight brokers disappearing from the federal rolls has been increasing by the hundreds every day since December 1, following the new requirement to carry a $75,000 bond, boosted from $10,000 by the MAP-21 highway funding act passed last year.
Could Tolls Fund A New Interstate System
- 07 Nov 2013
The nation's interstate system is nearing its 50-year design life meaning in the next couple of decades it's all going to need to be replaced. This will, of course, come with a very hefty price tag. A new study released by the Reason Foundation suggests allowing states to put tolls on interstate highways could provide enough to fund massive upgrades to the nation's roads and bridges.