
How to calculate depreciation for small business tax savings
As a small business owner, every dollar counts—especially when it comes to tax savings. One of the most overlooked opportunities for reducing taxable income is properly calculating depreciation. Many businesses miss out on valuable deductions simply because they don’t fully understand how to calculate depreciation expenses. In this guide, we’ll walk you through everything you need to know about depreciation, from its importance to the different methods and calculations, so you can maximize your tax savings.