BMT Office Administration

MARCH 3, 2023

IRC § 179 deduction for depreciable business assets Normally, when you buy a piece of office equipment, you must depreciate it over the number of years of its useful life. For 2023, you can deduct up to $1.16 For 2023, you can deduct up to $1.16 In 2023, this amount is $2.89 Your taxable income.

Payroll 98

Payroll 2023 Equipment Health 98

BMT Office Administration

NOVEMBER 16, 2022

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. Does the business provide all necessary tools or equipment or does the worker provide their own tools? It is the end of the year, and that means that tax season is approaching.

Payroll 52

Payroll Forms Filing Expenses 52

BMT Office Administration

JUNE 26, 2023

In fact, ROBS is currently the most popular form of business financing in 2023. A business can choose to liquidate (selling something to convert it into cash) physical business assets, such as real estate, equipment, computers, and vehicles — in order to pay off debts. What are the advantages of debt financing?

Finance 105

Finance Expenses Retirement Calendars 105