Small Business Research This Year Should Include Investigating Vehicle Write-Offs

Due to the stimulus bill, tax laws have changed dramatically this year. Most of these changes will benefit the small business owner as well as the average American family. One of the beneficial changes has to do with vehicle deductions. Write-off levels are up to around $11,000 on any new vehicle as well as an additional write-off for the sales tax on that selection.

High earners will see less of the deduction, as it does phase out at a certain income bracket, but small businesses should rejoice. This is a great opportunity to purchase that new company car, tow truck, limousine, tractor, or cargo van. The right vehicle in great working order can make a big difference to any business, so take advantage of the opportunity and buy that new car this year, if you haven’t already. These “stimulus” tax reforms won’t last forever.

Additional Business Training.com Resources

Tags: about small business research, find small business research, get small business research, list small business research, small business research, small business research 2010, small business research today