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The 2023 Tax Deduction Cheat Sheet

Zenefits

Workers’ compensation insurance. Collect receipts, travel reimbursements, vendor payments, and all accounts payable data from your accounting system or team. Bonus depreciation ensures that businesses can deduct 100% of the costs for equipment to be expensed in the first year. Health and business insurance.

Insurance 105
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5 Must-Have Payroll Report Templates to Avoid Audit Nightmares

Zenefits

It will show the following at the company, division, and department levels: Payroll budget Compensation paid Deductions taken Taxes paid By making sure that you know the contents of these reports and addressing any issues that arise as a result of your consistent review, you will be prepared to address questions your auditors may have.