Tax obligations are a normal part of running a business. No one enjoys that tax bill but taking advantage of the right deductions can at least make you feel better about how your money is spent.
While the topic of taxes is the least favorite subject, knowing how to minimize your tax burden and planning for your business purchases is a smart approach. The cost of buying business equipment is normally deducted by claiming a depreciation allowance. Under certain circumstances, you may qualify for first-year expensing to deduct a majority of the expense in the year the equipment is placed into service.
If you have been considering a fleet expansion, you have just a few short weeks to grab a new truck from the C&M Motors commercial truck lot and put it into service. A commercial truck can be deducted in a couple ways, actual costs or IRS mileage rates. Consult your accountant for the deduction that best serves your business and remember Tax Code 179 was put in place to help business owners.
Give us a call and see how we can get you on the road to a tax incentive. We have Hinos in stock and ready for delivery before the end of the year. Make 2019 a profitable year – make C&M Motors your transportation partner!
C&M Motors – San Diego’s premiere Hino dealership!