joshrinconn
Secret G-Wagon Business Hack 🤯💸 In addition to the Section 179 deduction, businesses may also be eligible for bonus depreciation on G-Wagons purchased and placed into service in 2023. Bonus depreciation allows businesses to deduct a percentage of the cost of certain qualified business assets in the year they are purchased. The percentage of the deduction is phased down over time, but it is currently 100% for assets placed into service in 2023. To qualify for bonus depreciation, the vehicle must be: - Purchased & placed into service during the tax year. - Used for business more than 50% of the time. - Not a passenger vehicle, which is defined as a vehicle with a seating capacity of less than six. The G-Wagon meets all of these requirements, so it may be eligible for bonus depreciation. However, it is important to note that the deduction is subject to a number of other rules and limitations, and it is always best to consult with a tax advisor to determine if you are eligible. Disclaimer: My content is for educational purposes only. It should NOT be taken as financial, legal, tax, investing or real estate advice. #gwagon #financetips #businesshacks #moneytip #moneyhacks
joshrinconn
Chick-fil-A Owner for Only $10,000 🤯💸 Chick-fil-A’s fee for a new restaurant is $10,000 – one of the lowest of any major fast-food brand. Chick-fil-A restaurants average about $8.7 million in sales annually among non-mall locations. Chick-fil-A charges a franchise fee of $10,000 to open a new restaurant. #chickfila #franchise #franchiseopportunities #businesshacks #moneysavingtips
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