Determine the appropriate tax depreciation for cars used for business.
Running a successful small business is hard work and expensive. Every penny counts, so finding ways to help your clients leverage every tax deduction they are entitled to is a win for your clients and your firm.
One tax saving that some business clients may not be familiar with is vehicle tax depreciation. If your client owns a vehicle, or several vehicles, that they use for business, it is likely they will qualify for deductions on their taxes.
Helping your clients better understand vehicle tax depreciation and the savings they may be entitled to will help strengthen your client relationships and your role as their trusted advisor.
To dig deeper, visit the original article on the Thomson Reuters blog.