Recent questions tagged tax write offs

Description : Is it better to purchase a new vehicle for a newly formed business or to rent a vehicle?

Last Answer : Talk to your accountant and let him do the math. That’s why CPA’s were created.

Description : can you write off a new car as a business expense? how about leasing instead?

Last Answer : The basic rule of thumb for tax code is this: you have to be able to defend it with a straight face to the IRS. You needed that car for deliveries for your catering business? Sure. You needed that car for your Web 2.0 startup? Probably not.