Understanding Depreciation

Depreciation is perhaps one of the most complex terms for small business owners to grasp. With many rules associated with it, it becomes even more complicated for anyone except for the professionals in the finance sector. The most important way you can ensure you understand this concept is to avoid being intimidated by big words employed.  You can achieve this by focusing on how depreciation affects us in our daily lives.

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IRS Making It Easier for Small Businesses

The Internal Revenue Service announced it will make easier for small businesses to comply with the new regulations concerning writing off repairs, reports the Wall Street Journal. In addition to simplifying the overall procedure the IRS will waive some of the required forms.   Read more...

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