 sponsership questions |
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 Apr 22 2009, 02:33 PM
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Advanced Member  Group: Advanced Members Posts: 264 Joined: 31-July 07 From: Virginia Beach Member No.: 1,870  |
Hey guys,
My wife just started a new business and said I could put her logo and such on my car for marketing purposes. Do any of you guys plug your own business on you car at events? If so, do you deduct your expenses? Some of the local guys do, just wanted to know if there are any pitfalls and what you can expense and what to stay away from. |
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Apr 23 2009, 04:05 PM
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Advanced Member Group: Advanced Members Posts: 651 Joined: 3-September 05 From: Chicagoland Member No.: 876 |
I pretty much deduct all my racing expenses from the depreciation of the car to the new to me ABS module I'm about to put in. The car is one of my forms of advertising. However my buisness is directly related to my racing, so I think it's a little more obvious that without the racing it would be difficult to sell Tire Blankets.
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Posts in this topic
Beach Cruiser sponsership questions Apr 22 2009, 02:33 PM
CMC #37 QUOTE (Beach Cruiser @ Apr 22 2009, 09:33... Apr 22 2009, 04:13 PM RVachon This will be my first year doing that also and I... Apr 22 2009, 08:06 PM
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