It’s not just about the raw materials; labor costs, overhead expenses, the wear and tear on equipment, and logistics all play a part. Beyond these, you have costs that might not be immediately obvious, such as those for quality control, compliance testing, and supplier-related expenses. Even seemingly indirect costs like waste management, software licensing, and…
Investing in strong change management and training ensures the organization doesn’t just adopt new software, but transforms its AP function and realizes the projected ROI. Neglecting these “soft” factors can lead to low adoption, continued manual workarounds, and failure to meet project goals. DOKKA stores all your AP documents, like invoices, POs, and receipts, in…
This election is made for each class of property placed in service during the tax year. Since QIP is 15-year property, electing out of bonus depreciation for QIP means electing out for all other 15-year property placed in service that year. These changes in bonus depreciation rates underscore the importance of proactive tax planning for…
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