Are You Prepared for the 2014 Tax Hit?

It was nice while it lasted.

Bonus depreciation enabled car rental companies to deduct 100% of the cost of new capital purchases in 2011 and 50% in 2012 and 2013. Now that bonus depreciation officially ended Dec. 31, 2013, car rental companies that took advantage of bonus depreciation need to start planning strategically for significantly higher taxes in 2014.

At the 2014 Car Rental Show seminar “Are You Prepared for the 2014 Tax Hit?” attendees will gain strategies to estimate their 2014 tax hit and plan for the new tax landscape, as well as how to take advantage of the tax savings generated by a like-kind exchange (LKE) program.
The seminar will also engage in a discussion on how tax reform could affect car rental companies and when it might happen.

In addition, the seminar will educate car rental companies on federal and state tax incentives they may not have known were available to the auto rental industry.

Presented by David Fowler of PricewaterhouseCoopers and Robert Salazar, CPA at The Tax Solutions Group, the seminar will take place at 11 a.m. on Tuesday April 8.

The 2014 Car Rental Show convenes April 7-8 at the Rio All-Suite Hotel & Casino in Las Vegas. Visit for more information.

Comment On This Story

Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.


Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Job Finder: Access Top Talent. Fill Key Positions.