Small Business Tax Savings Podcast
Business:Entrepreneurship
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Using a car for your business comes with expenses but it also has tax deduction benefits. In this episode, we break down everything you need to know before you decide to buy or lease a business vehicle and how you can take a tax write-off and save money.
[02:27] Should I Buy or Lease a Vehicle?
[04:45] Should I Put the Vehicle Under My Personal Name or Business Name?
[08:41] How Do I Write Off a Business Vehicle?
[13:17] How Does Depreciation of a Business Vehicle Work?
[16:39] Final Thoughts
Key Quote
“If you're going to have a business vehicle, make sure you record your mileage, track it, do all that extra legwork you need to do to prove the business use of that vehicle.” - Mike Jesowshek
Resources Mentioned
Blog Posts:
Podcast Episode:
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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
IncSight Packages: https://incsight.net/pricing/
Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale
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Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
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To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at
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