When businesses buy a large asset for their company, it gets a place as an asset on the balance sheet. But the accounting that happens behind the scenes is much more important than lines on an ...

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 ...

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Originally published on TheStreet Jun 9, 2022. In this episode of Tax Tips, Jeffrey Levine of Buckingham Wealth Partners meets with Retirement Daily on TheStreet editor Robert Powell to discuss ...

Discover the 10 essential rules for using a 1031 exchange: timing deadlines, like-kind property requirements, tax deferral, what qualifies, and frequent pitfalls to avoid.

Karla Dennis, EA, MST, is CFO/CEO of the award-winning tax accounting firm KDA Inc.—specializing in tax planning. Buried in the July 4 tax overhaul, formally titled the One Big Beautiful Bill Act, was ...

If you have to file a homeowners insurance claim to replace damaged, destroyed or stolen items, you might be surprised to learn your policy doesn't necessarily cover the full cost of a replacement.

Amortization is an accounting technique used to distribute asset value or loan principal over time. There are different techniques for calculating amortization and depreciation and there is guidance ...

The recent sharply higher prices have been a financial benefit for those owning cows. Being able to capitalize on increasing ...