Today we changed the federal depreciation MACRS tax rate in the Platform standard incentive that everyone sees on the Incentives page when they generate a commercial proposal:
In order to make your proposals more precise, we’ve eliminate the general MACRS incentive, which assumed an average tax rate of 30%, in favor of 4 MACRS incentives, one for each of the standard federal corporate tax rates:
For you administrators out there, the Incentive Calculations screen (in Settings) will now show all 4 MACRS tax rates:
Note that the first one is selected by default, and is now 34%. If you’d like the rest of the rates active, simply check on them, and they will show in the incentives page in the proposal generation flow:
(In the image above, I’ve checked all of the MACRS incentives so you could see the difference in the incentive amount because of the difference in tax rate. When you create an actual proposal, you will obviously select only ONE of them!)
One final note about getting the new MACRS incentives to show up: back on the Incentive Calculations page in Settings, you’ll have to click the Calculation Sequence icon next to each state in which you do business and set the calculation sequence, or just save the calculation sequence without making any changes, to tell the Platform that these new incentives need to be made available in your proposals:
So that’s it! One more item to make your proposals even more precise. Of course, please contact us at any time with any questions you might have!