This is a digital product and will be available for download immediately after purchase. No physical product will be shipped..
Whenever we talk about fringe benefits, either with clients, on blogs, at live events, there’s always one particular benefit that comes up. A car. Or, more specifically, ‘the’ car – that dream vehicle so many people see as a reward for going into business in the first place. And right up there with having the dream car is the dream of having the business pay for it. So, the question we’re really being asked is: “Can I buy ‘the’ car AND have it treated as a tax deduction by my business?”
The answer is yes, but it’s not quite that simple. Yes, you can write off your car, but there are rules around it that must be followed, and you’ll need some patience. It’s not quite as simple as heading to the dealership with the company checkbook in hand.
Plus, there are times where it might not be the right move for your company. The goal of this eCourse is to go through your options, and to help you decide how and when it makes sense to legally take an auto deduction.
In this product, which features a 25+ page eBook and accompanying audio recording, we go into detail on all things auto, including:
- - How to first determine if you CAN take a deduction for your car
-
- How to figure out the best way to take an auto deduction for you and your business
-
- 5 Deduction-Maximizing questions to ask yourself
-
- Special considerations for eco-friendly cars, and
-
- The one thing you MUST do or risk losing ALL of your deduction
There’s no reason why you shouldn’t take this deduction – it could be worth thousands of dollars in your pocket. But it’s important to understand how and when to take it, and what the IRS wants to see on your tax return.
