Maximizing Tax Savings with Depreciation and Capitalization Policies for Small Business Owners

Boost your financial efficiency and navigate the complexities of depreciation with confidence!

Discover the power of depreciation in the world of business and investments. Learn to leverage various depreciation methods - regular, bonus, and section 179 - to optimize your tax deductions. Uncover the nuances of asset management, including when depreciation starts and how to handle asset sales. Simplify your financial records with a capitalization policy and make well-informed year-end decisions.

Tune into this episode to learn all you need to know about depreciation and how it can make tax filing easier for your small business!

00:00 - Mastering Depreciation: Strategies for Business Asset Management
07:48 - Timing, Sales, and Capitalization Strategies
14:43 - Simplifying Depreciation and Asset Management: Insights for Year-End Planning

Learn More: https://www.taxsavingspodcast.com/blog/what-is-depreciation-for-my-business-when-does-a-capitalization-policy-make-sense

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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

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Podcast Website: https://www.TaxSavingsPodcast.com
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To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com