The Internal Revenue Service considers any auto with an unloaded gross weight of 6,000 pounds or less a luxury vehicle. It gives you two ways to depreciate a luxury auto used for business purposes.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. For the last five years, manufacturers have enjoyed a bonus ...

Corporate financial statements, such as income statements, cash flow reports and balance sheets, all employ generally accepted accounting principles, or GAAP, as the basis for their formats. Companies ...

A reliable tactic for financing equipment purchases is being phased out this year. What does it mean – and what strategy should your business pursue to maximize value and minimize risk in 2023 and ...