Ever tried to drive a screw with a hammer, or tighten a nail with a wrench? Of course not. That's exactly what bad accounting habits look like to us as a CPA firm — painfully obvious. But to many contractors, it's not so apparent. That's why we're calling these "obvious" habits: they're the kind of things that are second nature...
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There's a lot of hype around "writing everything off" using 100% bonus depreciation. Some of it's technically true—but most of it is misleading, especially from social media tax influencers, and misunderstood by business owners.
On June 24, 2025, Melio announced it would be acquired by Xero in a transaction valued at: