June 13, 2012
Steer around roadblocks to vehicle deductions
Source: Business Management Daily
The tax law generally limits the annual amount you can deduct for depreciation of so-called “luxury cars.” Strategy: Buy a heavy-duty sports utility vehicle (SUV) for business use in 2012. If the vehicle meets certain requirements, you can sidestep the luxury car limits.
From Small Business Tax Strategies with these tags: Tags: Small Business Tax
, Small Business Tax Deduction Strategies
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