Asset vs. Expense: Understanding the Difference
Sep 13, 2023Explore a vital question often overlooked: Assets vs. Expenses.
Discover tax-saving strategies by distinguishing between them. Learn how categorizing expenses as assets can ease tax burdens.
What you’ll hear in this episode:
[1:25] Defining Business Expenses
[1:56] Understanding Business Assets
[3:00] Tax-Friendly Expense Spreading
[4:50] Safe Harbor Threshold Explanation
[6:15] Maximizing Tax Deductions through Understanding
[7:09] Unveiling Intangible Business Assets
If you like this episode, check out:
Take Advantage of an Accountable Plan in Your Business
3 Steps to Hire Your Kids the RIGHT Way
Protecting Your Legacy Through Estate Planning with Clara Delgado Rossell
Want to learn more so you can earn more?
Business Financial Quickstarter: https://www.keepwhatyouearn.com/bfq
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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
