-
Is buying a van for my business tomorrow (last day of year) advantageous?
My new year’s resolution is to get my business taxes all figured out…but until then I’m wondering, I need to buy a van and have found the perfect one at a local dealership…will buying it in ’09 (so tomorrow will be the day) be advantageous for my taxes, or since I’m not necessarily in any huge rush, should I just wait ’til 2010?
-
3 Replies
-
There is a huge deduction available for 2009. You can take a one-time deduction of up to $250,000. The van could fall into this catagory.
Steve Wargo
Tempe, Arizona
It’s a dry heat!Sony HDCAM F-900 & HDW-2000/1 deck
5 Final Cut (not quite PRO) systems
Sony HVR-M25 HDV deck
2-Sony EX-1 HD .Ask me how to Market Yourself using Send Out Cards
-
Here is what look like the deduction Steve mentioned, with a handy calculator. Obviously make sure your CPA does the actual figuring:
https://www.crestcapital.com/tax_deduction_calculator
-
It’s appreciated
Steve Wargo
Tempe, Arizona
It’s a dry heat!Sony HDCAM F-900 & HDW-2000/1 deck
5 Final Cut (not quite PRO) systems
Sony HVR-M25 HDV deck
2-Sony EX-1 HD .Ask me how to Market Yourself using Send Out Cards
Reply to this Discussion! Login or Sign Up