Can I Purchase a Car Through My Business?
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Can I Purchase a Car Through My Business?
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About this listen
In this episode, I discuss the tax implications of buying a car through your business. I explain the importance of the 50% rule and how it affects accelerated depreciation. I also touch on financing and insurance considerations when titling a vehicle in the name of your business. Additionally, I highlight the need for proper record-keeping and the availability of Section 179 and bonus depreciation. Watch this video to learn more about maximizing tax savings when purchasing a vehicle for your business.
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#BusinessVehicle #TaxDeductions #IRSRegulations #BusinessDecisions #VehicleInvestment
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.