As far as accounting goes, straight-line depreciation is a straightforward calculation for small business accounting. Be sure to focus on getting the right numbers to ensure accuracy. This will help solve problems and avoid raising questions with your investors and stockholders. Physical Assets Straight line depreciation is best suited for the expenses of physical assets […]
Calculating straight-line depreciation within a small business is a standard accounting procedure at your small business accounting firm in Orlando. Expensing assets in terms of depreciation are important to prepare for year-end tax preparation. Given the value of certain assets, it can be beneficial to spread out the depreciation over the useful life of the […]
From the backlog built up during the Covid-19 pandemic, the IRS was simply unable to keep up with processing new paper information returns. There were several factors that led up to this point, including the lack of upgrades and improve processes utilizing modern technology already available commercially. Regardless of the situation, these circumstances were unavoidable […]