DEPRECIATION FOR SMALL BUSINESS EXPLAINED! (BASICS)

Wondering what depreciation is and how it works in your accounts (and for tax!).
In this video Dan runs through the basics.
Topics include:
How depreciation works
Straight line depreciation method
Reducing balance depreciation method
How depreciation works for tax
How depreciation works in the accounts
Depreciation for small business
Capital allowances
Annual investment allowance
Super deduction
..... and more!
You can see more about what we get up to on the following:
LinkedIn (Dan): / danheelan
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Podcast: heelanhub.co.uk The HeelanHub Podcast, a show for small business owners.
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Web: www.heelanassociates.co.uk
Call: 02392 240040 Email: [e-mail]
#accounting #tax #limitedcompany

[@duncanjackson4170]

Great explanation! Thank you!!

[@HeelanAssociates]

Glad it was helpful!

[@nj.7325]

Thanks! This made a lot of sense and I'm just a student (not even a business one!)

[@HeelanAssociates]

Glad it was helpful!

[@thepropertyclub]

Is an investment property in micro company operating FRS105 depreciated?

[@RedFireLilly]

Love the explination but it would be helpful to have visual clips of how this looks.

[@HeelanAssociates]

Have you covered! www.heelanassociates.co.uk/what-is-depreciation-how-does-it-work/

[@craigmcg125]

sorry, but i cant stop looking the she shelving unit on the corner and why is it not closer to the main block. sorry and thanks for the video

[@HeelanAssociates]

Needs a leg adjustment! Will sort 😃