 APRO: The Official Voice of the Rent to Own Industry
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 Rent-to-own News
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Rent-to-own News - New expense and depreciation tax rules for small businessBy Ed Winn III
A part of the Economic Stimulus Package for the American People Act of 2008 concerns small business taxation for the year 2008, specifically new rules regarding the expensing of new equipment and new bonus depreciation rules.
As first blush the new law would appear to help RTO dealers pay fewer taxes, but the truth may be a bit more complicated.
There are a lot of rental dealers who jumped on the bonus depreciation bandwagon in 2001 only to regret it later. They reclaimed money in 2001 that they had paid the government in dollars taxed at a 25% rate only to have to repay that money later in dollars taxed at a 33% rate.
The ability for rental dealers to take advantage of either of these newly enacted tax rules depends upon the type of legal entity the dealer is using, whether the dealer is profitable in 2008 or not, the size of the dealer’s business in 2008, the kinds of purchases that the dealer makes during the year, and a host of other variables.
It is imperative that dealers get with their tax professionals to determine the advantages, if any, of playing by the new rules. Ten different rental dealers, all contemplating the new rules, might get ten different answers about how to file their taxes for 2008. As the year wears on, APRO will provide dealers with specific examples of how these new rules apply to RTO dealers.
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2012 APRO Convention and Trade Show July 24-26, Memphis, TN
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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here. | |||
 CLICK HERE FOR OUR DIGITAL RTOHQ: THE MAGAZINE
RTOHQ: The Magazine’s upgraded digital format APRO's new, mobile-ready magazine is now available in addition to our print edition. The digital format provides the same informative content as our printed magazine, but also offers tools to make the reading experience more enriching. Access the table of contents page with one click or tap. Get additional information from advertisers by clicking on the links in their ads. The interface is easy to navigate and requires no special app—read our magazine on your computer, digital table or smartphone. Click here to access the digital version of RTOHQ: The Magazine March-April 2012.
A New Rent-to-Own Experience by Neil Ferguson Here’s the lowdown on APRO’s 2012 Convention and Trade Show, July 24-26 in Memphis. The RTO industry’s big event will offer many valuable experiences, including insights on how to turn your stores into “experiences”–the good kind for consumers
Who Is Your Competition? by Bill Keese In order to expand your customer base, you can learn a lot by observing your competitors. But first, you need to figure out just who they are. If you think your only competition is the rent-to-own store down the street, you’re not considering the bigger picture. APRO’s executive director offers a big-picture perspective.
A Review of Online Customer Complaints by Ed Winn III While rent-to-own companies have not cornered the market on negative reviews posted on consumer complaint websites, it’s no surprise that there are cyberspace beefs against RTO. APRO’s general counsel reviews some of them in search of a pattern and he considers appropriate response to online complaints.
Rent-to-Own Families, Part VIII by Kristen Card Our series of family-run rent-to-own businesses continues with profiles of the Homeiers in Kansas and two Texas-based sets of kindred colleagues, the Spangles and the Weisblatts.
Future issues of APRO's magazine will be available in this same new format. Click here to access past issues that are not yet archived in the new interface.
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Association of Progressive Rental Organizations 1504 Robin Hood Trail Austin, Texas 78703 800/204-2776, ext. 103 Fax 512/794-0097 |