Understanding Depreciation: A Small Business Owner’s Guide to Tax Savings!

Are you missing out on huge tax savings because you don’t fully understand depreciation? Many small business owners overpay in taxes simply because they don’t take advantage of this powerful deduction strategy.

Here’s what you need to know:

What is Depreciation? – It allows businesses to deduct the cost of assets over time, reducing taxable income.
Types of Depreciation Methods – Learn about Straight-line, MACRS, Section 179, and Bonus Depreciation.
What Can Be Depreciated? – Assets like vehicles, equipment, buildings, and improvements are depreciated over 5, 7, 15, 27.5, and 39 years—knowing the right schedule matters!
Common Mistakes to Avoid – Misclassifying assets, failing to track depreciation properly, and depreciation recapture can cost you thousands!

💰 Want to keep more of your hard-earned money? Watch my latest video where I break down how to use depreciation to your advantage!

📺 Watch now: https://youtu.be/gx5McDp_g_Y
📅 Book a Discovery Call: https://app.acuityscheduling.com/schedule.php?owner=14522012&appointmentType=62563958

Let me know in the comments—are you currently using depreciation in your business? If not, let’s fix that! 🚀

#Depreciation #TaxSavings #BusinessDeductions #SmallBusinessOwner #TaxStrategy

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