Sunday, December 23, 2012

2012 Business Vehicle Tax Exemptions

So you own a business, or at least knows someone who owns one. Or, you or someone you know makes major purchasing decisions for the company.

The company has a vehicle or two, be it a pick-up truck or work van for deliveries or a car, crossover, or SUV for impressing clients. And your company is either expanding far enough, or the vehicles have become used long enough to where you're aligning the budget to allow for a new vehicle purchase.

Did you know that at the end of 2012, major tax incentives are set to expire on vehicle purchases and/or leases for business use?

Frank Johnstone, CPA, of Harris, Hardy & Johnstone, P.C. gives an example in this video of how many different options a business can take advantage of:


Click here if video does not display.

Why waste time when the savings from business tax exemptions run out soon? Please check out how the Professional Grade GMC's and luxury Buick's can fit for your business.

Haley Buick GMC does not give financial advice, and requests for you to consult an accountant while making your decision. If you need quick advice from a CPA, Frank Johnstone can be reached at (804) 560-0560 or hhjcpa.com. Tax benefits are not related to General Motors incentives.

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