Tax Advice for Business Owners: Allowed vs. Allowable Depreciation

The business world is complex, competitive and enormously taxing both from a monetary standpoint as well as from a managerial/emotional/physical standpoint for many business owners, especially small business owners, like many advisors’ clients.  Therefore, in this article we’re going to specifically discuss one aspect of the monetary taxing side, which I believe is mostly unknown to the average business owner.