Unlock the Secrets: Expert Tips on Capitalization Policies & Depreciation for Business Owners! скачать в хорошем качестве

Unlock the Secrets: Expert Tips on Capitalization Policies & Depreciation for Business Owners!

Have you ever wondered how to maximize your tax deductions through depreciation without getting lost in complex accounting rules? In this episode, Mike Jesowshek delves into the concept of depreciation, explaining its importance and application for small business owners. He covers the basics of depreciation, different methods available, and a little-known policy that simplifies the process for assets under a certain value. Mike provides insights into regular depreciation, bonus depreciation, and Section 179 expensing, while also highlighting the significance of having a capitalization policy in place. Additionally, he discusses the rules for when depreciation begins and the implications of selling depreciated assets. 00:00 - Introduction to Depreciation 05:22 - Types of Depreciable Assets 10:24 - Depreciation Methods 15:35 - Example and Application 20:31 - Rules of Depreciation ______ Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast Join TaxElm: https://taxelm.com/ IncSight Packages (Full-Service): https://incsight.net/pricing/ Book an Initial Consultation (IncSight): https://app.simplymeet.me/o/incsight/... ------- Podcast Website: https://www.TaxSavingsPodcast.com Facebook Group:   / taxsavings   YouTube: https://www.youtube.com