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What is a variable expense?

Budget your fixed expenses first, because they make up the majority of your budget and are usually set for longer periods of time. Your variable expenses fluctuate monthly and are easy to adjust as you go, so it’s easier to plan these around your fixed expenses. If you need to start cutting back on costs, […]

Miscellaneous Itemized Deductions

However, you can claim a depreciation deduction for any computer that is needed for you to carry out your work, according to the IRS. However, tracking your numbers in specific budget categories helps improve your relationship with your money and budget. The advantage of tracking your discretionary expenses is that if you must trim your […]

How to enter a bulk sale of assets in Lacerte

Sales of similar property on or about the same date may be helpful in figuring the property’s FMV. A modification of a building won’t be treated as a demolition if both the following conditions are satisfied. For more information about these rules, see the regulations under section 263A of the Internal Revenue Code and Pub. […]

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