Manual file handling can be quite a reason for your company losing funds as well as your staff members losing interest in their responsibilities. The best way to speed up all enterprise operations and boost your statistics is to deal with everything with cutting-edge platform like DocHub. Take care of all your files and Save Vehicle Leasing Agreement in PDF in just few seconds and save more time for relevant duties.
With DocHub, you have limitless access to your files and Templates available for you at any moment. Discover all functionalities right now with the free DocHub profile.
all right for this video i wanted to talk about what are the business tax deduction limitations for company vehicles that are leased through your business okay so you as a business owner you can lease vehicles through your business name tax id number address thats all okay you can lease them for yourself as an owner or employees but if you do so there are certain limitations on what amounts you might be able to deduct at the end of the year on your tax return and so thats what were going to go over in this video so theres really two limitations that could apply here the first one is the business versus personal use limitation right so when you when you use a vehicle for both business and personal uses you cant deduct the total cost of the lease payment right the piece of the deduction thats attributed to personal use is a non-deductible expense so for example if john is a business owner and he uses a vehicle 75 for business 25 for personal and his monthly lease payment is a thou