Tax Strategy Blog for Business Owners

OBBBA convert personal vehicle to business — here’s how to use 100% bonus depreciation to create a legitimate 2025 deduction from a car you already own. How the OBBBA Convert Personal Vehicle to Business Rule Works When you begin using a personal vehicle in your business, the tax code treats that date as when the […]

If you own a business, almost everything you spend to run it can come off your taxable income. The catch is knowing which expenses count, how much of each one counts, and where it goes on the return. That last part changes depending on whether you file a Schedule C, a partnership return or an […]