Tax Deductions

Call Us Now To Schedule An Appointment!
secure plus financial

7 Tax Strategies: Don't forget to Deduct your Interest Expense

Vector image Illustration representing the tax planning strategy interest expense deduction

Financing Equipment and Vehicles

Many businesses finance their equipment or vehicles and give monthly payment.

Sometimes these can be a good idea as you may want to keep working capital at hand for other expenses.

If you do finance, you are paying interest on the loans. That interest is tax deductible! This deduction can be helpful, mainly because the interest rate for financing your truck can be high.

Amortization Schedule

Make sure to ask your bank or financial institution for the amortization schedule on loan to accurately deduct the interest.

Your amortization schedule is not available? Let’s talk about generating a fair estimated amortization schedule for you:

Sick And Tired of falling into Tax Overpayment with the IRS?

We can increase your cash flow through tax savings by defining where in the records your profit is hiding within. Schedule a free zoom call with a tax specialist today:

secure plus financial

Related Updates