North Carolina Sales and Use Tax Law Changes

…a remodeling. A single repair, maintenance, or installation service. The following are examples of services generally considered repair, maintenance, and installation services for taxable transactions. Repair for an air conditioning…

Performing Services? Watch Out for Sales Tax

…In the absence of a contract (i.e. a one-time repair), it is important to look how the repair services are billed. On a repair invoice, charges for materials and/or supplies…

Asset Capitalization of Internal Use Software

Internal use software is an item that is often overlooked when developing asset capitalization policies. Further, this is an area where those with less accounting experience may get tripped up…

Analytics in Construction Asset Management

…on maintenance reports. Optimize what to repair. Asset Data + Maintenance Inspections and General Repairs + Unpredicted Breakdowns Predict repairs and breakdowns with asset data and maintenance inspections. Determine when…

Summary of Important Tax Developments

capitalization regulations is increased. As an alternative to the general capitalization rule, regulations permit businesses to elect to expense their outlays for “de minimis” business expenses. The election is allowed…

IDS Case Study: Predicting Farming Equipment Failures

…its equipment needed maintenance service to avoid lost revenues from breakdowns or failure.   Approach The team carefully analyzed the maintenance schedules, recent repairs, brands, and usage hours from all…


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