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PRO-WARE - Software for Professionals
PRO-WARE is a software development company that specializes in the
design, development, and support of software for the professional
accountant. Established in 1985, PRO-WARE's commitment to
excellence is unwavering and consistently applied in every product
that we develop.
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News Update
IRS Issues Additional Guidance on 100% Bonus Depreciation - Revenue Procedure 2011-26
One of the provisions of "The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" increased the bonus depreciation percentage from 50% to 100% for assets acquired during the period September 9, 2010 through December 31, 2011. However, a major side effect of this provision specifically affects luxury autos by eliminating recovery deductions (other than the initial year when bonus depreciation is claimed) until the asset’s life has expired.
Rev. Proc. 2011-26 provides some relief to this effect by allowing safe harbor calculations that allow you to claim recovery deductions in the 2nd and subsequent years for luxury autos. However, if these calculations are NOT used, you get NO deduction after the acquisition year UNTIL the asset's life has expired. This includes Trucks and Vans.
Click HERE for more information?
OR
Click HERE to use Interactive Calculations!
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Featured Product
Quick Trial Balance - QTB is a program used to adjust and group accounts into trial balances prior to the preparation of income tax returns or financial statements.
QTB puts the emphasis back into the trial balance where it should be, by making it fast and easy to summarize data for year-end reporting needs.
Place your order now for Quick Trial Balance from our secure ordering page!
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Available Products
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Current Versions Include
- FREE Unlimited Technical Support
- FREE Unlimited Tax and Software Updates
- Multi-User Site License for Asset Keeper
(Standard)
- Multi-User Site License for All Others (Available)
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