Visit pamjordan.com to schedule a call with our team.✖️✖️✖️In this episode of Pivot to Profit, Pam Jordan and tax expert Alexis Sidney tackle the confusing world of depreciation—what Pam calls “monopoly money” for business owners. If you’ve ever wondered why a new truck or piece of equipment doesn’t show up as a full deduction on your profit and loss, this episode is for you. Pam and Alexis break down what depreciation really is, why it matters, and how it can be a powerful (but misunderstood) tax-saving tool for entrepreneurs. Learn the difference between assets and expenses, how to track depreciation, and which method—straight line, bonus, Section 179, or accelerated—makes sense for your business. They also discuss the IRS rules for capitalizing assets, the pitfalls of missing depreciation, and the crucial topic of depreciation recapture when you sell an asset. Hear real-life examples, practical strategies, and why keeping an asset tracker could save you thousands in taxes and headaches down the road.✖️✖️✖️💡 Meet the Experts:Pam Jordan is the CEO of Pivot Business Group, helping entrepreneurs understand their numbers, increase profits, reduce taxes, and build wealth through strategic financial planning.Alexis Sidney is a Certified Tax Strategist and Managing Partner of Pivot Tax Strategy, helping business owners save millions annually through actionable strategies.✖️✖️✖️Recommended Videos:If you liked this episode, you'll love these videos:– How to Put Your Kids on Payroll and Save Thousands in Taxes: https://www.youtube.com/watch?v=Y1mvyHCnFWY– How To Hire Your Kids To Immediately Reduce Your Taxes! (Step by Step): https://www.youtube.com/watch?v=6nKN_AD21kQ– $15000 IRS Loophole for Parents (Legal But Nobody Does It): https://www.youtube.com/watch?v=iardyOuyxxo✖️✖️✖️Want More Financial Clarity?YouTube: https://www.youtube.com/@pamjordancfo?sub_confirmation=1LinkedIn: https://www.linkedin.com/in/pamjordanInstagram: https://www.instagram.com/pamjordancfo/Facebook: https://www.facebook.com/PamjordanCFO/Want to know if your business is maximizing depreciation, or have questions about asset tracking and recapture? Let us know what you’d like to explore next!✖️✖️✖️Key Takeaways from This Episode:Depreciation lets you write off big purchases over time: Assets like vehicles, equipment, and property are deducted gradually, not all at once.Bonus and Section 179 depreciation can provide huge upfront deductions: These methods can save you thousands in a profitable year, but strategy matters.Track your assets: Anything over $2,500 must be capitalized and tracked for depreciation—don’t just expense it!Depreciation isn’t “real” money leaving your bank: It’s a non-cash accounting entry that reduces taxable income but doesn’t affect cash flow directly.Missing depreciation (or not tracking it) can hurt your business valuation and trigger IRS headaches.Depreciation recapture is real: When you sell an asset, the IRS may “recapture” depreciation, increasing your tax bill—plan ahead!Work with a tax strategist: The right method and timing can make a major difference in your tax savings and business strategy.Remember: Depreciation is a powerful tool when used correctly. It’s not what you make—it’s what you keep!

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