Equipment & Property Purchases: Expense or Capitalize?

This tax break increases savings for business owners in 2023 by allowing them to deduct the price of depreciating equipment all at once rather than incrementally as in other tax years. You can depreciate the cost of the equipment minus its scrap value, or $18,000. This yields an annual depreciation rate of $1,800, or […]

How to Prepare a Statement of Retained Earnings

If you’re a small business owner, you can create your retained earnings statement using information from your balance sheet and income statement. When repurchasing stock shares, be sure to understand the potential implications. In some cases, the repurchase may be seen as a sign of confidence and could increase the company’s common stock price and […]