2016 Rules for Tax Expensing and Depreciation

Tax Expensing and Depreciation

Capitalization of costs is the usual practice that any business has to follow when they buy an asset which is supposed to render service for more than a year (usually for fixed assets). In simple terms, that means the cost of the asset is written off in the balance sheet over a number of years. There are rules and laws of depreciation & amortization in place on how to do this actually and it depends on the type of asset acquired.

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CheckMark, Inc. Recognized Among Top 10 Accounting Solution Providers in 2016 by CFO Tech Outlook

Top 10 Accounting Solution Providers

CheckMark is pleased to announce that we have been recognized as one of the Top 10 Accounting Solution Providers in 2016 by CFO Tech Outlook Magazine, one of the most popular technology & business magazines in the finance sector. The awards recognize the very best accounting solutions in the finance industry that are not only efficient but are also affordable and reliable.

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How to Choose Reliable Payroll Services for Small Business

payroll services for small business

How much time do you waste in gathering time cards, adding hours, calculating taxes, paying employees and filing taxes? According to a study, on average, 7 minutes are required for preparing, computing, and verifying time cards. If you prepare 50 time cards weekly, then it will take approx. 6 hours of your precious time. This time period is just for preparing time cards, and the time will add up for the further processing of payroll.

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