Business Assets

Accounts Receivable: Understanding Business's Expected Incomes
Accounts Receivable represents the outstanding invoices or money owed to a firm by its customers. This article provides an in-depth analysis of its historical context, types, key events, and more.
Capital Allowance: Tax Relief for Capital Expenditures
An in-depth guide to understanding Capital Allowance, including historical context, types, key events, detailed explanations, mathematical formulas, diagrams, and applications in business.
Entrepreneurs' Relief: Capital Gains Tax Advantage for Business Assets
A capital gains tax relief introduced from 6 April 2008, allowing business owners to benefit from a reduced tax rate on the disposal of business assets.
IRS Section 179: Tax Deduction for Business Assets
IRS Section 179 allows businesses to deduct the full purchase price of qualifying assets in the year they are put into service, providing significant tax relief and encouraging investment in business equipment.
Property, Plant, and Equipment: Essential Business Assets
An overview of Property, Plant, and Equipment, focusing on tangible fixed assets such as land, buildings, machinery, fixtures, and fittings, and their significance in business operations.
Capital Expenditure (CAPEX): Long-term Business Investment
Capital Expenditure (CAPEX) refers to funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. These expenditures are capitalized and depreciated over time.
Company Car: Employee Benefit and Company Asset
A company car is a vehicle owned by a business but made available for use by its employees. This page provides a comprehensive overview of company cars, their types, benefits, tax implications, and more.
MACRS: Modified Accelerated Cost Recovery System
A depreciation method in the United States for tax purposes that allows businesses to recover the cost of property over a specified life span.

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