TAX MYTH – Vehicle Advertising
Written By Kyle on June 5, 2017
If you’re hoping to increase the business use of your vehicle by using vehicle advertising, you may be in for a surprise. Tax Myth: If I advertise on my vehicle, I can claim 100% of the vehicle expenses This is not the case. Vehicle advertising does not change the nature of a trip. When a sole-proprietor uses a vehicle for both personal and business use, the business deduction is determined at the end of the year using a log that details […]
