In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
Cost savings, calculated by multiplying the reduction in lost work days by average pay rates, totaled $1.5 million; workersâ comp insurance premiums declined by 50%. 4% is the voluntary turnover rate at SAS Institute, thanks in part to a highly effective employee wellness program.