Should I buy a car in my name or my companies?

No video

Should I buy a car in my name or my companies?

Рет қаралды 3,314

Күн бұрын

This is one of the most asked questions - "Want to know the answer?"
Watch this webinar as we go through the questions you need to ask yourself, the accounting formulas and the know how to work out the answer.
Remember, everyone is different and we recommend speaking to your accountant, before making any decisions.

Пікірлер: 10

@IvonnePerez-yt4zx Ай бұрын

Thank you very helpful!!

@thangnguyen8949 19 күн бұрын

Thank you for your ok information. Does it work on old business car as well or just on brandnew cars for 5 years ?

@evolutionclouds 8 ай бұрын

Thank you so much for this Very informative!

@willeywealth 3 ай бұрын

If I buy a car using company money and title it in my trust is that something I can do? I would use after tax money of course and NOT write it off as its personal. Just want to avoid taking money out paying income tax since i dont own it the trust does

@RosemaryHarmata 4 ай бұрын

Thanks Derek, your video was really helpful. Would it be possible to get a copy of your spreadsheet calculator so I can check what would be best for our circumstances. Thanks again

@user-vq7cg3bc9w 9 ай бұрын

Can you elaborate more on purchasing the car on company given the new budget 2023/2024, and the fact the instant asset write off reduced to 20k?

@TwelveAccounting 9 ай бұрын

it won't make any difference to my calculations. I did all my numbers over 5 years. therefore no tax difference between writing car off fully in 1 year or over 5 years. Only difference will be the timing of the tax deduction. derek