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What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?

What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?

FromSmall Business Tax Savings Podcast


What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?

FromSmall Business Tax Savings Podcast

ratings:
Length:
17 minutes
Released:
Dec 8, 2021
Format:
Podcast episode

Description

On this episode Mike Jesowshek, CPA talks about depreciation and why a capitalization policy is so important for business owners.1) What Is Depreciation?2) What Options Do You Have for Deducting Asset Purchases?3) What Is a Basic Example of Depreciation?4) What are the Rules Around Depreciation?5) When Does Depreciation Begin?6) What Happens If I Sell a Depreciated Asset?7) What Is a Capitalization Policy and Should I Implement One?LINKS FROM THE SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-is-depreciation-for-my-business-when-does-a-capitalization-policy-make-senseSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-is-depreciation-for-my-business-when-does-a-capitalization-policy-make-senseJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------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
Released:
Dec 8, 2021
Format:
Podcast episode

Titles in the series (100)

The Small Business Tax Savings Podcast is designed specifically for small business owners. We focus on tax savings and ways to have a financially sound back bone to your small business. Our goal is to have you paying the least amount in taxes as legally possible.Hosted by by Mike Jesowshek, CPA, this is a quick hitting podcast aimed to get you important information without all the fluff. You can find episodes, blog posts, information on our software TaxElm and more on our website: www.TaxSavingsPodcast.com