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.
Procter & Gamble is on track for its $10 billion savings program Procter & Gamble has also planned for significant cost reductions since the beginning of 2012. It has set out to save as much as $10 billion in the period of 2012-2016.A $10 billion cost-savings package includes $6 billion in cost of goods sold, $3 billion in overhead expenses, and $1 billion in marketing spending.The company seems to be on track for its huge cost-savings program--so far, the total savings has amounted to $1 billion for the past two years.rocter & Gamble is on track for its $10 billion savings programProcter & Gamble has also planned for significant cost reductions since the beginning of 2012. It has set out to save as much as $10 billion in the period of 2012-2016.