When buying assets it is important to know the best way to purchase and depreciate to take advantage of tax loopholes. Capital expenses usually include the following assets: buildings, cell phones, computers and software, copyrights and patents, equipment, improvements to business property, inventory, office furnishings and decorations, small tools and equipment, vehicles and window coverings.Continue reading “Taxes: Depreciation Categories”
Tag Archives: depreciation
Lean Wednesday Tip: Maxing out Asset Depreciation Deductions
“If you max out asset depreciation deductions and have written it off 100%, it is best to donate it to reduce income taxes.”
Notable 