What a long and strange trip 2017 has been. And just before the year let out, the GOP-controlled Congress passed the Tax Cuts and Jobs Act. We’ve heard a lot about how this will impact households and multinationals. What about small businesses? We’ve dug a little deeper to find that out for you.
Most people have a sense of what depreciation is. We have all experienced it in one form or another in our daily lives. Your brand new car loses some of its value - it depreciates - as soon as you drive it off the lot. But do you know how businesses calculate depreciation, and how they use depreciation to improve their finances? This blog entry is a simple digest of what you ought to know!