Business owners tend to mix their business expenses with their personal expenses. Explain how business owners can take advantage of leasing a vehicle used for both business and pleasure for tax purposes. Examine the rules for claiming deductions for business vehicles and recommend one method of cost recovery that would result in the largest tax deduction for your client. Support your recommendation. Your client owns a company that invests in a significant amount of highly technical computer equipment. Assess the appropriateness of the various depreciation methods available to your client and recommend the method that produces the greatest tax benefit. Provide a rationale for your response.
The post Business owners tend to mix their business expenses with their personal expenses.Explain how business appeared first on .