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| *The Commerce Journal>>>Other Taxes |
I use my car for advertising, and work purposes. How much can I write off on my taxes.? |
I use my car for advertising and travel. you can claim a percentage of the motor expenses, depending on what proportion of total costs are concerned with your business. I claim about 70% of my motor costs because I drive the car for work a lot, but your accountant can advise. Ask your accountant. I think you can write of 31 cents / mile, but it only starts from when you leave the office to when you return to the office. If you run errands on the way to work or on the way home, you can't count them. For advertising, the cost of the advertising materials ONLY. You can claim a percentage of your actual expenses or you can use the standard mileage deduction which this year is 48.5. |
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