The use of a company car is a valuable fringe benefit for business owners and key employees. This perk results in tax deductions for the employer and tax breaks for the owners and employees using the cars. (And of course, they get the nontax benefit of getting a company car.) For tax deduction purposes, a
company car Archives - Crawford Ellenbogen
Dec 21, 2021
Aug 29, 2019
The tax implications of a company car
- By Ellenbogen
- Business, Deductions, Taxes
- 0 Comments
The use of a company car is a valuable fringe benefit for business owners and key employees. This perk results in tax deductions for the employer and tax breaks for the owners and employees using the cars. (And of course, they get the nontax benefits of driving the cars!) For tax deduction purposes, a business