Explore 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

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

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.