Every profession has them. Names, words, jargon or acronyms that only people in the profession use. The words are designed for insiders to communicate with insiders. The mere mention of the words keeps outsiders at bay.Tax accounting has more than a few. Amortization, bonus deprecation, MACRS, any phrase containing the word “section” and of course, the word “basis”. The insider jargon makes accounting all but impossible to unders […]
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