www.PartnerUp.com - Small Business Community
 
1

Adam Alvarez posted a new Starting A Business thread on 4/21/2010

Benefits of buy vs lease for company vehicle

I have a small business and have my vehicle that I write a portion off due to company use. I also need a vehicle for an employee to use because mine is not always available. Can anyone tell me the best tax answer for buy vs lease. I understand the difference for a personal vehicle but for tax purposes for by business its hard to find a quality answer.
0
 
PartnerUp! Share This
Mark As Favorite
Mark As Spam Reply!
 
 
Sort Responses by : | |
1

Tauna Hinchee Responded on 6/20/2010


Adam,

That is a complicated question and really depends on the details of your company, such as are you incorporated, your current tax liability, and how much the vehicle will be used and for what purpose. I strongly advise you to find a good local accountant. If you don't have one already, contact your local SCORE chapter and they can suggest someone.

Sincerely,.
Tauna Hinchee
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
 Respond to thread
( Paste a youtube link to embed a video. eg: http://www.youtube.com/watch?v=dQw4w9WgXcQ )
Share on:



 Latest Business Articles

Learn more about being in business
The PartnerUp's Community's "How-To" content provides a deeper, more complete look into the topics and issues facing small business owners.



Read more..


 Explore The Community



 Helpful Resources


 
 
Home » Forums » Starting A Business » Benefits of buy vs lease for company vehicle