It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal ...

If your firm still computes depreciation manually, and cannot justify the extra software costs just to get out a listing of fixed assets with the depreciation computed correctly, you may want to look ...

Accounting doesn't allow you to depreciate inventory. You can depreciate fixed assets that you own for years, reducing the value on your books to reflect their age. Over time, depreciation accumulates ...