Assets like equipment, vehicles and furniture lose value as they age. Parts wear out and pieces break, eventually requiring repair or replacement. Depreciation helps companies account for the ...

Depreciation recapture taxes gains from selling depreciated property as ordinary income, reclaiming prior tax benefits. If you’re a business owner, you’ve probably bought at least some property to use ...

Even if you own a machine outright, you're paying interest on the capital tied up in it. If you borrow operating capital, the rate may be equal to the percentage on your line of credit (which you ...

Short-term rentals have become a lucrative investment opportunity, especially with the rise of platforms like Airbnb and VRBO. However, navigating the tax landscape can be complex. CPAs play a crucial ...