Pay yourself first: OWN instead of RENT

Posted by on Mar 19, 2015

I have listened to some people passionately express satisfaction with paying monthly rent and gaining the related offset by using it as a business deduction.  An expense.  The ideas that expensing rent is somehow a way to reduce tax burden.  My opinion is simple – Hog Wash. Why would you give money away to someone else each month.  Consider this:  when you own, buy, or purchase there is an interest expense deduction, a depreciation deduction and the best news –...

Read More »