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As 2013 draws to an end, Accruit took a look back and realized that it’s truly been a great year. Between the state of the economy, business and our friends and family, we have a lot to be thankful for.
Here’s a quick list of  some of the things we’re thankful for, just in time for Thanksgiving:

 1.    The trucking industry forges on
Accruit’s Steve Doherty attended the 2013 American Trucking Association national conference held this past October in Orlando Florida. Despite being hit hard by several problematic external factors, we’re happy to report that several aspects of the industry are improving, including: alternative fuel-driven power unit designs, solid growth in the nation’s homebuilding, safety and vehicle accident statistics, and dialogue with the nation’s shippers around wait time problems and expenses.
Although lasting impacts of the economic decline in recent years will continue to affect trucking for the next several years, the general trend is an inspiring start to recovery for a vital national industry. Read the full blog post here.
 2.    Paying down lines of credit
As a Qualified Intermediary, we’re thankful (but not surprised) that the Chief Council Advice recently ruled that paying down lines of credit is not in breach of 1031 Like-Kind Exchange requirements.
Tax advisors had conducted business under this assumption for years, but companies who felt trepidation with how liability netting was structured under Like-Kind Exchange programs can now be thankful for the definite ruling. You can download the full article by Jeff Nelson from PwC here.
 3.    The Federation of Exchange Accommodators (FEA)
On a more personal level, Accruit is thankful for the appointment of our own Steve Chacon as the Treasurer of the Federation of Exchange Accommodators (FEA). With a heavy presence in the FEA, Accruit is tied closely with the official voice of the 1031 industry and is thankful for the plans and developments within the federation. Get a recap of the 2013 FEA Annual Conference and Accruit’s involvement here.
 4.    The expiration of bonus depreciation
Accruit is grateful to be in a position to help our customers brace for impact of bonus depreciation expiration. The companies that opted to postpone implementing a 1031 LKE program in exchange for bonus depreciation need to prepare for 2014 so they’re not hit with a big tax bill. We’re thankful that we’re able provide continued tax relief for companies in a wide variety of industries.
Happy Thanksgiving from Accruit
Lastly, we’re thankful for our friends, family and all our customers, business partners and loyal followers. We couldn’t do any of the work we do without your continued support and we hope you all have a wonderful holiday season.

As 2013 draws to an end, Accruit took a look back and realized that it’s truly been a great year. Between the state of the economy, business and our friends and family, we have a lot to be thankful for.
Here’s a quick list of  some of the things we’re thankful for, just in time for Thanksgiving:

 1.    The trucking industry forges on
Accruit’s Steve Doherty attended the 2013 American Trucking Association national conference held this past October in Orlando Florida. Despite being hit hard by several problematic external factors, we’re happy to report that several aspects of the industry are improving, including: alternative fuel-driven power unit designs, solid growth in the nation’s homebuilding, safety and vehicle accident statistics, and dialogue with the nation’s shippers around wait time problems and expenses.
Although lasting impacts of the economic decline in recent years will continue to affect trucking for the next several years, the general trend is an inspiring start to recovery for a vital national industry. Read the full blog post here.
 2.    Paying down lines of credit
As a Qualified Intermediary, we’re thankful (but not surprised) that the Chief Council Advice recently ruled that paying down lines of credit is not in breach of 1031 Like-Kind Exchange requirements.
Tax advisors had conducted business under this assumption for years, but companies who felt trepidation with how liability netting was structured under Like-Kind Exchange programs can now be thankful for the definite ruling. You can download the full article by Jeff Nelson from PwC here.
 3.    The Federation of Exchange Accommodators (FEA)
On a more personal level, Accruit is thankful for the appointment of our own Steve Chacon as the Treasurer of the Federation of Exchange Accommodators (FEA). With a heavy presence in the FEA, Accruit is tied closely with the official voice of the 1031 industry and is thankful for the plans and developments within the federation. Get a recap of the 2013 FEA Annual Conference and Accruit’s involvement here.
 4.    The expiration of bonus depreciation
Accruit is grateful to be in a position to help our customers brace for impact of bonus depreciation expiration. The companies that opted to postpone implementing a 1031 LKE program in exchange for bonus depreciation need to prepare for 2014 so they’re not hit with a big tax bill. We’re thankful that we’re able provide continued tax relief for companies in a wide variety of industries.
Happy Thanksgiving from Accruit
Lastly, we’re thankful for our friends, family and all our customers, business partners and loyal followers. We couldn’t do any of the work we do without your continued support and we hope you all have a wonderful holiday season.

As 2013 draws to an end, Accruit took a look back and realized that it’s truly been a great year. Between the state of the economy, business and our friends and family, we have a lot to be thankful for.
Here’s a quick list of  some of the things we’re thankful for, just in time for Thanksgiving:

 1.    The trucking industry forges on
Accruit’s Steve Doherty attended the 2013 American Trucking Association national conference held this past October in Orlando Florida. Despite being hit hard by several problematic external factors, we’re happy to report that several aspects of the industry are improving, including: alternative fuel-driven power unit designs, solid growth in the nation’s homebuilding, safety and vehicle accident statistics, and dialogue with the nation’s shippers around wait time problems and expenses.
Although lasting impacts of the economic decline in recent years will continue to affect trucking for the next several years, the general trend is an inspiring start to recovery for a vital national industry. Read the full blog post here.
 2.    Paying down lines of credit
As a Qualified Intermediary, we’re thankful (but not surprised) that the Chief Council Advice recently ruled that paying down lines of credit is not in breach of 1031 Like-Kind Exchange requirements.
Tax advisors had conducted business under this assumption for years, but companies who felt trepidation with how liability netting was structured under Like-Kind Exchange programs can now be thankful for the definite ruling. You can download the full article by Jeff Nelson from PwC here.
 3.    The Federation of Exchange Accommodators (FEA)
On a more personal level, Accruit is thankful for the appointment of our own Steve Chacon as the Treasurer of the Federation of Exchange Accommodators (FEA). With a heavy presence in the FEA, Accruit is tied closely with the official voice of the 1031 industry and is thankful for the plans and developments within the federation. Get a recap of the 2013 FEA Annual Conference and Accruit’s involvement here.
 4.    The expiration of bonus depreciation
Accruit is grateful to be in a position to help our customers brace for impact of bonus depreciation expiration. The companies that opted to postpone implementing a 1031 LKE program in exchange for bonus depreciation need to prepare for 2014 so they’re not hit with a big tax bill. We’re thankful that we’re able provide continued tax relief for companies in a wide variety of industries.
Happy Thanksgiving from Accruit
Lastly, we’re thankful for our friends, family and all our customers, business partners and loyal followers. We couldn’t do any of the work we do without your continued support and we hope you all have a wonderful holiday season.

Chairman Camp’s Decision Better for Tax Reform in the Long Run
House Ways and Means Chairman Dave Camp recently delayed moving forward with the most substantial tax code rewrite since 1986.
Thursday’s meeting with House Speaker John A. Boehner, Majority Leader Eric Cantor and Majority Whip Kevin McCarthy to discuss the legislative overhaul resulted as many predicted: the committee decided to table their plans for the time being.

Many attribute the postponement to a spiteful GOP reveling in the Affordable Care Act fiasco. However, Camp’s decision not to move forward with the bill is seen by many as the right move given the current status of the economy.
There are myriad issues facing the legislative overhaul, including the short congressional calendar and the ongoing negotiations in a House-Senate budget conference committee. Comprehensive tax reform is critical to support a strong long-term economy but pushing a bill too quickly will cause immeasurable damage to a fragile recovery. While the tax reform will address corporate and individual tax provisions, a hastily created bill will fall short of the full reform needed and will snuff out the chance to do so correctly.

Chairman Camp’s Decision Better for Tax Reform in the Long Run
House Ways and Means Chairman Dave Camp recently delayed moving forward with the most substantial tax code rewrite since 1986.
Thursday’s meeting with House Speaker John A. Boehner, Majority Leader Eric Cantor and Majority Whip Kevin McCarthy to discuss the legislative overhaul resulted as many predicted: the committee decided to table their plans for the time being.

Many attribute the postponement to a spiteful GOP reveling in the Affordable Care Act fiasco. However, Camp’s decision not to move forward with the bill is seen by many as the right move given the current status of the economy.
There are myriad issues facing the legislative overhaul, including the short congressional calendar and the ongoing negotiations in a House-Senate budget conference committee. Comprehensive tax reform is critical to support a strong long-term economy but pushing a bill too quickly will cause immeasurable damage to a fragile recovery. While the tax reform will address corporate and individual tax provisions, a hastily created bill will fall short of the full reform needed and will snuff out the chance to do so correctly.

Chairman Camp’s Decision Better for Tax Reform in the Long Run
House Ways and Means Chairman Dave Camp recently delayed moving forward with the most substantial tax code rewrite since 1986.
Thursday’s meeting with House Speaker John A. Boehner, Majority Leader Eric Cantor and Majority Whip Kevin McCarthy to discuss the legislative overhaul resulted as many predicted: the committee decided to table their plans for the time being.

Many attribute the postponement to a spiteful GOP reveling in the Affordable Care Act fiasco. However, Camp’s decision not to move forward with the bill is seen by many as the right move given the current status of the economy.
There are myriad issues facing the legislative overhaul, including the short congressional calendar and the ongoing negotiations in a House-Senate budget conference committee. Comprehensive tax reform is critical to support a strong long-term economy but pushing a bill too quickly will cause immeasurable damage to a fragile recovery. While the tax reform will address corporate and individual tax provisions, a hastily created bill will fall short of the full reform needed and will snuff out the chance to do so correctly.

Your tax relief deadline might be closer than you think!
Remember, the deadline to complete a 1031 Like-Kind Exchange (LKE) is the earlier of 180 calendar days, or the due date, with extension of your income tax return.  If you are currently participating in an LKE, be sure to contact your tax advisor right away.  You might have to extend your tax return in order to take advantage of the full 180 days.
If you are thinking about starting the LKE process, contact Accruit today.  Our representatives will carefully discuss the details and highlight how much money you can save through our custom LKE solutions.

Your tax relief deadline might be closer than you think!
Remember, the deadline to complete a 1031 Like-Kind Exchange (LKE) is the earlier of 180 calendar days, or the due date, with extension of your income tax return.  If you are currently participating in an LKE, be sure to contact your tax advisor right away.  You might have to extend your tax return in order to take advantage of the full 180 days.
If you are thinking about starting the LKE process, contact Accruit today.  Our representatives will carefully discuss the details and highlight how much money you can save through our custom LKE solutions.