Skirt tax roadblock for advertising costs — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Skirt tax roadblock for advertising costs

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Q: If I inscribe the name of my business on the side panels of my car, can I write off the full cost of my car expenses? My accountant isn't sure. L.D., West Mifflin, Pa.

A: And with good reason. You can't turn a vehicle used for personal travel into a business car simply by slapping the company name on its side. The same basic rules apply with or without the name inscribed, so any deductions you claim must be based on your percentage of business use or actual business-related mileage. You can, however, at least deduct the amount spent on materials and labor for the car sign as a business advertising cost.

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