Personal Information
Username: Avatar ronika
User: ronika
Occupation: Accountant
Facebook: http://www.facebook.com/montrealfinancial
Twitter: http://twitter.com/ronika_khanna
Company URL: http://www,montrealfinancial.ca
Blog URL: www.montrealfinancial.ca/blog
Latest Blog Entry: What Small Business Owners Should Know about Leasing vs Buying their Car, Corporate Ownership of Vehicles and Deducting Car Expenses
Small business owners who require a vehicle to carry on their businesses are happily able to benefit from a tax deduction relating to the business use of their cars.  Given the potential for abuse, the tax rules for deducting these expenses are fairly specific and extend to the definition of business use, types of expenses that may be claimed, methods of calculating the deduction and whether you buy or lease your car.  While the decision to buy or lease a car can be difficult enough for individuals (a Porsche is so much more affordable when you lease!), small business owners have an even harder time as the tax implications of the transaction have to be taken into consideration.
User Stats
Joined: 2010-08-24
Submitted Stories: 76
Published Stories: 21
Comments: 105
Votes: 942
Published Votes: 294
Karma Score: 10.00
 

 
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