The Importance of Financial Modeling

There are times where the idea of fully expensing for tax purposes, a new asset in the year purchase sounds good. But we also we we that shouldn't be the default position and for a lot of business owners,. That's either do bonus appreciation, those two section 179 and just expense at all. If you're on a growth trajectory, if you're expecting a taxable income to go up over the next several years, maybe we want to reserve some of that depreciation for future years. And so that requires not just planning for this year and the next year, but maybe we're planning, you know, if that asset is a five year asset or a seven year asset, right? Maybe