How Depreciation has changed over a 40 year span between 1980 and 2020. There are several interesting factors that have significance and what they can mean for your small business. Make sure to pay attention if things are increasing too rapidly. Discuss with your small business accountant in Orlando for specialized help in your specific […]
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 […]