article thumbnail

The 2023 Tax Deduction Cheat Sheet

Zenefits

Employee benefits, including 401(k)s , life insurance , childcare , disability insurance, and bonuses. It’s possible to deduct depreciation as well, and this applies to furniture, equipment, and any other business asset that loses its value over time. Health and business insurance. Auto insurance for business vehicles.

Insurance 105
article thumbnail

HR Finance 101: A Guide To Finance for HR

AIHR

A debit is an entry that increases the value of an asset or expense in an account or decreases the value of equity or liability. A credit increases a liability or equity or decreases the value of an asset or expense in an account. A transaction is entered into an accounting record, typically in the ledger.

Cash Flow 116
article thumbnail

Capital Expenditure Budget Examples In The Healthcare Management Industry

Walk Me

Because of the many different types of treatments and their varying costs, along with health insurance providers with differing charges, budgeting becomes a bit more complicated than buying bread and milk. Cash is the most liquid asset of any business, including hospitals and clinical services. Working capital management.

Manager 52