If you’re a construction company owner or manager, you might feel inclined to leave all matters related to fixed asset depreciation to your accountant. And your instincts would largely be right, as the accountants and tax advisors should be involved in making...
From assisting you in maximizing the utility of your equipment and navigating tax implications to optimizing financial strategies, fixed asset depreciation assumes various crucial roles within the realm of financial operations. So, it’s definitely worthwhile to...
When your construction company buys a brand-new or used piece of equipment, one of the first things accountants will ask is how they should calculate equipment depreciation. Although this might seem like an accounting and tax-related technicality, applying the right...
Many people hear the words “fixed asset depreciation” and immediately tune out. It sounds important, but is it really? We’re here, not only to tell you that it is, in fact, paramount when it comes to financial management but also to explain how tracking...
If you’re a construction company owner or manager, you’re aware of how crucial it is to keep your biggest investment—equipment—in good condition. Taking good care of your equipment not only ensures that construction projects are finished on time and within budget, but...
Owning and operating a fleet of heavy construction equipment is an expensive venture, so construction managers often seek ways to trim the expenses related to equipment. In the midst of this, you might find yourself grappling with decisions on whether to buy new...
