Before you start using an automobile for your business, address these financial considerations first.
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When using a vehicle for business purposes, there are a variety of issues to consider: Should you use a personal or business vehicle? Should you have the company reimburse you for business-related expenses? How should you deduct your mileage?
As with any aspect of your business and personal lives, it’s important to keep vehicles and the related expenses separate. The type of vehicle arrangement that will be most financially favorable depends on your particular situation. Here are five things to consider:
1. The driver–Who will be driving the