Accelerate Depreciation for Business Purchases

 Accelerated depreciation affects taxes by allowing businesses to deduct a larger portion of the cost of an asset in the early years of ownership. This results in a lower tax bill in the short term but may result in a higher tax bill in the long term when the asset is sold. In this episode, we will learn why you may want to accelerate depreciation for business purchases.

My name is Jamaal “Crypto J” Solomon, founder of J.S. Tax Corporation. The goal of this podcast series to give you REAL tax advice in 7 minutes or less. You literally have no excuses!

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