Accelerated Depreciation 2 TAX CODES taxtips

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Examples Below : • Tax Code 167 is all about depreciation. Imagine you own a piece of equipment, like a computer or a machine. Over time, it loses value as you use it. Tax Code 167 helps businesses spread the cost of that equipment over several years, which means they can deduct a portion of the cost each year instead of all at once. This helps reduce taxes slowly as the equipment gets older. 💻➡️📉 • Tax Code 169 applies to big, long-term projects, like building a new office or factory. Instead of paying all the taxes on the project at once, this code allows businesses to spread out the costs over several years. This makes it easier to handle large expenses without feeling the financial strain immediately. 🏗️💰 • Understanding these codes can help you save money on taxes and manage your business costs better. Save this video and share it with another business owner who needs to know! 💼 • #TaxTips #BusinessStrategy #SaveMoney

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