The Edge Fitness Clubs was growing like crazy. People all across Connecticut and nearby states were drawn to its skillful and personalized approach to fitness. But, that rapid expansion meant some of its business processes weren’t in tip-top shape. Amidst the booming growth, it became easy to lose track of where some employees were located and for what business purpose.
The tax reform bill, officially called “The Tax Cuts and Jobs Act,” H.R. 1, was released on Nov. 2, 2017. The bill contains many provisions affecting both individuals and businesses. If you use your automobile or other vehicle for work or business purposes, it could have a big impact on your mileage deduction.
When it comes to picking your next business vehicle, you can buy it or lease it. Read on to find out the benefits and drawbacks of buying vs. leasing a business car.