Are You Prepared for the 2014 Tax Hit?
Car Rental Show seminar offers solutions to potentially higher taxes this year.
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 www.carrentalshow.com for more information.
More Rental Operations
How Did This Independent Rental Operator Grow to 170 Vehicles in 4 Years?
With 170 vehicles across three Kentucky locations, Joel Price relies on an overseas team to handle reservations, payments, and after-hours customer service. It's one part of an unconventional approach to growing an independent rental operation.
Read More →
What Does It Take to Succeed in B2B Rentals?
The fundamentals may be familiar to daily car rental operators, but project-based truck rentals put different demands on the fleet and the business.
Read More →
NPR Builds on International Partnerships to Grow Rental Bookings
With Ana Laborde supporting broker development, NPR Auto Group is tailoring distribution strategies, rate packages, and partnerships to grow international reservations across its three brands.
Read More →
Advantage, Sixt Place Among Top Five in Annual Satisfaction Study
While Enterprise and National retain the top spots in JD Power’s 2026 rankings, the latest customer satisfaction results suggest renters can find competitive service beyond the biggest car rental names.
Read More →
The $100,000 Insurance Trap in Exotic Car Rentals
Exotic rental agencies often rely on customers’ personal auto policies to protect six-figure vehicles. But policy language can dramatically change the coverage for vehicles over $100,000 MSRP.
Read More →
The Booking Is Confirmed, But Is Your Customer Ready to Drive?
For international renters, a confirmed reservation doesn’t always mean they’re eligible to drive. Earlier checks can help operators catch documentation and payment issues before the customer reaches the counter.
Read More →
ICRS 2027 Opens Call for Papers
The International Car Rental Show seeks session proposals on the business, operational, and technology issues facing car rental operators. Submissions are due Jan. 15.
Read More →
Turo to Launch Vehicle Delivery Service
Turo Delivered will let travelers search for vehicles that hosts can deliver directly to hotels, homes, airports, train stations, and other locations.
Read More →
Palm Beach Airport Code Change Creates Car Rental Distribution Gap
A test of rental searches under the old PBI and new DJT airport codes returned largely different sets of brands and vehicles, highlighting a potential distribution problem for rental operators.
Read More →
U-Save Continues Dominican Republic Expansion with Launch in Punta Cana
The new franchise location builds on U-Save’s existing Santo Domingo operation and will begin taking reservations for October 2026.
Read More →