With IRS staff under pressure, developing internal processes and documenting fixed assets can avoid extended reviews and additional information requests, writes a construction accountant.

A common refrain in the global marketplace is that a company that consistently spends on fixed assets lays the groundwork for long-term success, doing so with the belief that today's technological ...

Discover how businesses calculate depreciation to account for asset value loss over time, with methods including ...

It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal ...

Bonus depreciation lets businesses immediately deduct the full cost of qualifying assets, such as property with a tax life of 20 years or less, when placed in service. The OBBBA permanently restored ...

BNA Software has updated its fixed assets software with the latest tax law and form changes from the recent tax cut extension. Processing Content Version 2011.0 of BNA Fixed Assets includes all of the ...

Fixed assets are items that are for long-term use, generallyfive years or more. They are not bought and sold in the normalcourse of business operation. Fixed assets include vehicles, land,buildings, ...

In the previous article of this series, we took a look at one of the components of a balance sheet - 'Source of funds' and what its key constituents are. In the next few articles, we will take a look ...

From nimble startups to established, multigenerational enterprises, I’ve had the privilege of financially guiding a diverse array of businesses. Across all these experiences, one pattern stands out: ...