- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Best way for a business owner to buy/finance a new car?
Posted on 6/14/17 at 4:57 pm
Posted on 6/14/17 at 4:57 pm
We have a small business and will be purchasing a new car this year - probably in the fall/winter. It will be used about 90% for personal use, but will inevitably be used for our clinic. Thus, I was wondering if any of the MT gurus could point me in the right direction for the best tax and APR savings?
1
Posted on 6/14/17 at 5:05 pm to thetigerman
How is your business taxed, partnership, Sch C, S Corp, etc?
Posted on 6/14/17 at 5:07 pm to LSUFanHouston
S Corp
Posted on 6/15/17 at 8:49 am to thetigerman
You will just need to deduct I believe, either at standard IRS mileage rate while keep business mile log or actually track all expenses related to business travel. Easiest and best way to stay away from audit is likely standard mileage deduction.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News