Bookkeeping

Your Car as a Business Expense

Insurance salespeople, architects, realtors, contractors,  and property managers; these are just a few of our clients that use their personal car to get from business point A to business point B.  As a business owner, if you use your personal car to drive anywhere needed to conduct business (to a meeting, client site, post office, office supply store, etc.) these miles are deductible to you as an expense.

So let’s cut to the chase. The whole process is made more complex by the fact that there are two ways to account for your car expense. Which one is better? Each situation is individual (of course!) so you will need to weigh each option. Or get a CPA to help you weigh each option. (Us?)

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