132 \\ Depreciation Secrets: CPA Tax Advice for Asset Purchases & Business Tax Savings
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Thu 22 Aug 2024
- Episode Link
- https://smallbusinessfinance.podbean.com/e/132-leverage-depreciation-like-a-pro-asset-acquisition-and-tax-benefits-explained/
In this episode, we break down how to use depreciation to your advantage when buying business assets. Learn the difference between Section 179, bonus depreciation, and standard depreciation, and how each impacts your business tax and cash flow. Discover why timing matters, when it’s smarter to spread deductions, and how to avoid wasting tax benefits. We also cover common mistakes business owners make when acquiring equipment, vehicles, and property, and how to plan for tax savings in future high-income years. This is essential listening for small business owners who want clear CPA advice to make smarter money decisions and maximize tax deductions through smart strategies.
Listen:
🎧 Episode # 37 - Section 179 Depreciation: Traps to Avoid
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
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