How to Deduct Your Vehicle (Part 2): Business Vehicles and Depreciation
Keep What You Earn
English - August 22, 2022 09:00 - 17 minutes - 16.8 MB - ★★★★★ - 170 ratingsEntrepreneurship Business Management bookkeeping cfo accounting financialstrategy llc moneymindset scorp tax taxsavings taxstrategy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In the last episode, we covered how to deduct your personal vehicle if you're using it for business. So if you have a vehicle under your personal name and you're using it once in a while for business, we gave you a couple of ways to deduct that. Now we're moving into deducting a dedicated business vehicle, meaning it is used more than 50% for business. In this case, you are going to want to consider putting it in your business's name in order to take advantage of depreciation. I'm going to break down this strategy and give you some things to think about when it comes to purchasing a business vehicle.
* Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
* Chat About This Episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so
* Hire us!: https://www.fitnancialsolutions.com/accounting
* Find me on IG @shannonweinstein: https://www.instagram.com/shannonkweinstein
* Catch me in-person on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
* Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.