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Bookkeeping

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September 9, 2024
Bookkeeping
panzersecurity

Henry, Waters & Associates Inc : A professional tax and accounting firm in Boulder, Colorado: Home

Unlike Section 179 expensing, which is limited to $2.5 million for 2025 (up from $1.25 million before the OBBBA) and subject to a phaseout, the amount of bonus depreciation a taxpayer can claim is generally unlimited. Also eligible is qualified improvement property (QIP), defined as improvements to the interior of a nonresidential building that was […]
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January 24, 2023
Bookkeeping
panzersecurity

What Is Gross Profit? Gross Profit Formula and More

The same goes for other variable costs such as packaging and other ingredients you need to make your product. On the other hand, if your gross profit is too low, you’ll have trouble covering your other expenses no matter how much you cut back. You may need to raise prices or look for ways to […]
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