Counting down to the New Year! Here’s one of my top posts from 2025: Writing off a LEASE Can you lease a car and automatically write off the full value of the lease no matter what? Watch this video where I break down how business vehicle leases ACTUALLY work. #tylermcbroom #tylermcbroom #taxes #smallbusiness #floridabusiness #usa #usbusinessowner | Tyler McBroom
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Counting down to the New Year! Here’s one of my top posts from 2…
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Two Ways to Write Off Your Vehicle for Your Business! If you're a sole proprietor or a single-member LLC reporting taxes on Schedule C, you’ve got options! ✅ 1️⃣ Standard Mileage: Keep track of those biz miles! 🛣️ For 2023, it’s ~66.5¢ per mile. 🤑 2️⃣ Actual Expenses: Divide biz miles by total miles to get your biz percentage. 🧮 Example: 12,000 total miles, 6,000 biz miles = 50% biz use. 🚦 💡 Pro Tips: - Leased car? Write off a % of lease payments & insurance. 📝 - Owned car? Depreciate its
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