Maximizing Equipment Deductions

accelerated first year depreciation you can eliminate quite a bit of profit run the small guys that and the amount to went up to a million bucks which for small businesses I don't have people that are that are maximizing that you know but so there's plenty of room for the small guy to eliminate their profit and all the the catch-22 which you know is yet to have the money to do that or the financing to do that to purchase the equipment exactly so one of the things that we're talking about is the difference between being proactive and being reactive and obviously we need to be as proactive as possible and that means like right now I feel like I'm almost being reactive because it's getting closest November 21st sure and I should have actually been in here with you and I say in the end October the end of October at the latest which gives me then two months I can project my income ahead yeah I can use everything that I've done up to the end of the beginning in November project my income ahead and then figure out how where my profits are gonna be and then how much equipment that I need to buy to actually reinvest into myself because every penny that I'm reinvesting into myself if I'm doing it the right way is tax deductible and I want to talk about what is tax deductable what is not tax deductable and so that these guys can start to understand that but when I'm when I'm reinvesting into myself literally the checks that I would be writing to the IRS I'm now just putting back into my own company which is how that's a that's a huge part of the financial planning for any small business owner Chris so