There are many valid business reasons for having a company car. For example, most businesses will need a car at some point so that the owners or employees can visit customers, make deliveries, and travel to industry conferences. Expenses related to cars that are used 100% for business purposes are fully deductible by the business.
Driving the Company Car
Allan Gabriele has served as my personal tax advisor for over 20 years. I trust his judgment, particularly on complex tax planning issues, and I appreciate his reliability, timeliness, professionalism and problem-solving capabilities. I highly recommend Allan and his team.
Paul J. Much
Retired Senior Managing Director and former Board Member
Houlihan Lokey Howard & Zukin