Corporate Tax Deductions
April 28th, 2008
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Question: Tax Deduction Corporation Question?
If you buy a car that’s $300,000 for your corporation and you pay it cash from the corporate account, can you deduct that as an expense, or is it better to lease it, write off the lease, or use a loan and write off the interest?
Answer: there are limits as to taking depreciation on a luxury vehicle, which at $300,000 it would be. Better off leasing the vehicle.
Items on Amazon Right Now for Corporate Tax Deductions:
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VocaLink Take Home Pay Index Points to Negligible Wage Rises in 2010
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