article thumbnail

The 2023 Tax Deduction Cheat Sheet

Zenefits

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. There are a few different ways to calculate depreciation, and you’ll want to review options with your accountant to see which one is best for you this year. Employee retention credit .

Insurance 105
article thumbnail

Why Is Cash Flow Important To Survive In Our Tough Business Climate?

Growth Institute

Today's three most significant challenges facing the business world— inflation, talent retention, and supply chain issues —have left many companies looking for ways to ensure that their finances weather the storm. It’s a snapshot of your company’s assets and liabilities at any given time. What’s Your Cash Flow Management Story?

article thumbnail

Capital Expenditure Budget Examples In The Healthcare Management Industry

Walk Me

Cash is the most liquid asset of any business, including hospitals and clinical services. Within this, basic accounting terms must be familiar to the hospital manager, such as accounts receivable (AR), which involves money owed to the organization. However, the capital budgeting process involves much more long-term assets.

Manager 52