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It’s possible to deduct depreciation as well, and this applies to furniture, equipment, and any other business asset that loses its value over time. There are a few different ways to calculate depreciation, and you’ll want to review options with your accountant to see which one is best for you this year. Depreciation costs.
Bill Sherman We need to set up our recruiting function or accountspayable. You have people either come up with an idea and say, we should launch a blog or a podcast or do this or that, and they start focusing on the asset rather than the outcome. Someone has done that many, many, many times. You know what that looks like?
If your team is currently burdened by the following, it may be time for an upgrade: Too many accounting tasks. Long accounts receivable, or payment, wait times. Even longer accountpayable timelines. Payroll compliance. Frequent duplicate payments and accounting errors. No accounting strategy.
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