They know our business so well they catch things we occasionally miss or forget. They are on top of the tax and accounting law changes and keep us well-informed of what impacts our business.
Bob Grundvig
Business manager
Eau Galle Cheese Factory, Inc.
They are responsive and always do what they say they are going to do.
Dennis Bachman
General manager
Citizens Telephone Cooperative, Inc.
Services needed to be expanded, but expansion was going to be financially challenging. Bauman understood how important this project was to the survival of our organization and assisted us with the preparation of the financial projections we needed. Their assistance with this important project and the inclusive, value-based financial services package that they provide are among the reasons that they have been our accounting firm for the last 30 years.
Eileen LaFavor
Administrator
Baldwin Care Center Campus
For more than 20 years, they have provided us with tax and payroll services. You can always rely on them to get things done accurately when they say they will.
Eric Nelson
President
The Coffee Grounds, Inc.
The Internal Revenue Service recently revised the depreciation limits for business-use passenger automobiles, trucks and vans first placed in service during calendar year 2016. The updated amounts under Revenue Procedure 2016-23 are in table format below.
Passenger Automobiles: The maximum depreciation limits under Code Sec. 280F for passenger automobiles first placed in service during the 2016 calendar year are:
Trucks and Vans: The maximum depreciation limits under Code Sec. 280F for trucks and vans first placed in service during the 2016 calendar year are:
When bonus depreciation rules apply, the first year limitation is $11,160 for personal automobiles and $11,560 for trucks and vans. In both cases, limitations for subsequent years remain the same. The professionals in our office can answer the questions you may have on the updated auto depreciation limits, call on us today.