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

Send us a text 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 SHOW Show Blog: https:/...

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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