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Tag Archives: depreciation

2022 Vehicle Depreciation and Deductions

By Tom Long | Published May 2, 2022

In general, if you use vehicles in pursuit of a trade or business, you can deduct the ordinary and necessary expenses incurred while operating the vehicle. Taxpayers may use either the standard mileage rate method or the actual cost method … Continue reading

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Depreciation Tax Shield – How do we Calculate?

By Tom Long | Published April 29, 2022

The Depreciation Tax Shield is a key component of financial and accounting industry strategies. Many people that are working or looking for work in these two industries should master this method to further benefit themselves and their clients.… Continue reading

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