Can I Purchase a Car Through My Business?

In this episode, I discuss the tax implications of buying a car through your business. I explain the importance of the 50% rule and how it affects accelerated depreciation. I also touch on financing and insurance considerations when titling a vehicle in the name of your business. Additionally, I highlight the need for proper record-keeping and the availability of Section 179 and bonus depreciation. Watch this video to learn more about maximizing tax savings when purchasing a vehicle for your business.<br/><br/>#BusinessVehicle #TaxDeductions #IRSRegulations #BusinessDecisions #VehicleInvestment