Blog Posts | Page 6

Is Cost Segregation Worth It?

Is cost segregation worth it for your property? It depends. While many taxpayers will benefit greatly from cost segregation, this tax strategy isn’t a good fit for all property owners. This may be because the property doesn’t qualify for cost segregation, the drawbacks outweigh the benefits, or for other reasons.

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Dec 5, 2023 Filed under: Cost Segregation
cost segregation costs

What Are Cost Segregation Categories & Costs?

Cost segregation allows you to write off specific costs over five, seven, or 15 years, and this frontloaded depreciation can cut your tax bill significantly. Many costs can be written off through cost segregation — from furniture and office equipment to POS systems and drive-thru equipment.

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Dec 5, 2023 Filed under: Cost Segregation

The Complete Guide To ACH Processing Fees

If you run ACH payments through your bank, you may pay lower fees. In fact, many of the best business banks offer no-fee ACH transfers. However, if you’re looking to integrate ACH payments into your sales processes or want to use their subscription billing tools, the convenience offered by a payment processor may be worth the additional cost.

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Nov 30, 2023 Filed under: ACH and Check Processing

What Are The Types of ACH Payments?

Automated Clearing House (ACH) payments power most of the bank-to-bank transfers in the United States. ACH is so common that many of us take it for granted, not realizing that the system is used to finalize credit card payments, for direct deposits of paychecks, and in check cashing.

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Nov 30, 2023 Filed under: ACH and Check Processing

What Is Depreciation?

Depreciation is a method of writing off an expense over a period of years rather than all at once with a typical tax deduction. Depreciation is used for purchases and expenses that are considered long-term assets, meaning their usefulness lasts longer than one year.

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Nov 27, 2023 Filed under: Accounting, Bookkeeping, Invoicing
benefits and drawbacks of ACH

What Are The Benefits Of ACH? The Pros & Cons For Small Business

ACH (Automated Clearing House) payments are one of the oldest ways to move cash between accounts. While most payment methods, including credit cards, are ultimately settled with ACH transfers, it’s much less common for small businesses to make more direct use of them.
While there are many advantages to using ACH, this payment method won’t be a good fit for every small business or for every transaction. Let’s take a look at some of the pros and cons of ACH payments.

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Nov 30, 2023 Filed under: ACH and Check Processing

What Are Tax Credits & How Do They Work?

A tax credit is an amount of money taxpayers can claim to decrease the amount owed on taxes. Tax credits affect the total a taxpayer or business owes at the end of their tax calculations by allowing you to reduce the amount of money owed, or even in some cases, increase the amount received in a tax refund.

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Feb 9, 2024 Filed under: Accounting, Bookkeeping, Invoicing