Business Vehicles
Business vehicles are modes of transportation used by companies to conduct their operations. These can include cars, trucks, vans, and specialized vehicles designed for specific tasks, such as delivery or service. Businesses often use these vehicles to transport goods, provide services, or facilitate employee travel.
In many cases, companies can benefit from tax deductions related to their business vehicles. This includes expenses for fuel, maintenance, and insurance. Proper record-keeping is essential for businesses to maximize these deductions and ensure compliance with regulations set by entities like the IRS.