Tax Amortization Benefit (TAB) refers to the present value of income tax savings that arise from the amortization of intangible assets, like trademarks or customer relationships, for tax purposes. Essentially, as a business writes off the decreasing value of its intangible assets over time, it can realize tax advantages. Accurate bookkeeping for business is crucial to capture these benefits correctly. With the rise of virtual bookkeeping, companies can more efficiently track, calculate, and integrate TAB into their financial strategies, ensuring compliance and optimizing tax benefits from their intangible assets.