Section 179 Deduction and the Bonus Deduction

Section 179 Deduction and the Bonus Deduction

The bonus deduction and the Section 179 deduction are tax incentives for businesses that purchase and use qualified business property....

Depreciation Basics for Tangible Property

Depreciation Basics for Tangible Property

With the exception of land, all tangible property generally loses value over time because it deteriorates (e.g., buildings or vehicles),...

Three Steps to Securing Data in Your Business

Three Steps to Securing Data in Your Business

Cybersecurity — especially data privacy — is one of the biggest problems facing businesses today. These security problems are compounded...

5 Things to Consider Before Changing Payday

5 Things to Consider Before Changing Payday

You may have a good reason to change your payday, but before you make your move, be sure to consider...

FIFO or LIFO: Which Is Right for Your Business?

FIFO or LIFO: Which Is Right for Your Business?

The way businesses value inventory can affect their taxes. It also affects the financial statements companies present to banks when...

How to Develop an Effective Succession Plan

How to Develop an Effective Succession Plan

Sometimes, you can become so busy running a business that you are overly focused on the “here and now.” But...

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