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Personal Finance

We are dedicated to keeping clients abreast of the latest developments and tax-saving strategies. This section includes a library of hundreds of timely articles about business, taxes, finances, trends and the like. The articles are categorized by subject matter, which can be accessed from the links. Click on your topic of interest and find a wealth of information.

AUTOMOTIVE

This section is provided to assist clients in making informed financial decisions when buying, selling or leasing vehicles. Being knowledgeable before shopping can help save those hard-earned dollars.

Deducting Auto Expenses & Luxury Auto Limits
When you use a vehicle for business purposes, you can deduct the business portion of the operating expenses on your business. If you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can generally...

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Tax Benefits for Fuel-Efficient Vehicles
With gas prices going through the roof maybe now is the time to take advantage of the energy tax incentives available for the purchase of hybrid or lean burn technology vehicles.If you purchase a hybrid vehicle in any year before 2011, you may qualify...

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Will the Interest on Your Vehicle Loan be Deductible?
The answer to that question depends upon whether or not the vehicle is being used for business purposes, where the expenses are being deducted, and the type of loan. If the loan is a consumer loan secured by the vehicle, then the following rules would...

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Luxury Car Rules May Limit Vehicle Write-Offs
Unfortunately, if you deduct actual expenses for business use of your car, you probably find your write-offs for depreciation restricted due to so-called luxury car limitations. And most any cars (including trucks or vans) fit the IRS definition of a...

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