Month: December 2020

Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind. A Cap on Deductions Cars are subject to more restrictive tax depreciation rules than those that apply to other depreciable assets. Under so-called “luxury auto” rules, depreciation tax savings are artificially “capped.” So is … Continue reading “Drive More Savings To Your Business With The Heavy SUV Tax Break”