Pam Newman is a Certified Management Accountant, author and Certified QuickBooks ProAdvisor for Financial and Point-of-Sale software. She is also president of RPPC, Inc., which provides customized business development services.
Should I lease a car through my business to offset my yearly business income?
I am a private practice psychologist and I travel about 25 percent of the time for business (to and from office/clients). The remainder is personal use. I have also thought of adding a car magnet to advertise my business to the lease, if I do it. My business is a small part ($10,000-$15,000/year) of my overall income. The majority ($49,000) is from hourly work in public schools.