50. Depreciation rules are changing! Impacts of Depreciation on Your Business Explained

06/12/2023 15 min Episodio 50
50. Depreciation rules are changing! Impacts of Depreciation on Your Business Explained

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Episode Synopsis

Send us a textReady to conquer depreciation? Did you know that bonus depreciation is set to decrease from 80% to 60%? But what does this mean for you and your business? We'll break it down and walk you through real-life scenarios ranging from the purchase of a new copy machine to buying a bulldozer for your construction business. By the end of this episode, you'll have a clear understanding of how to deduct the wear and tear of assets from your tax return, giving you more financial control and potentially saving you significant tax dollars. So sit back, relax, and let us guide you through the ins and outs of depreciation. Let's get started.Support the showCreate a STAN Store - Click here to try it out!Here's where you can find us! Shop our business guides!Our Instagram PageOur family page

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