[john2000 lpe]

anyone here using their race team as a business expense? im in the process of starting my own race team. i own my own business for the past 20 years, and figure i could write off my racing expenses as an advertising business expense. my uniform and car are both lettered with my company name. and my website will show information on our racing program. is there any one here with this type of experience. of course my accountant tells me to talk to a financial advisor, my private banker account managers tell me to talk to my tax man, and my financial advisor tells me to talk to my banker.

[john2000 lpe]

thats what i was hoping. i read the other racing thread and it got more into an actual race team. making money, sponsorship. my team would strictly be for advertising in the local area. plus if im lucky enough to make it to the scca runoffs that would be a lot more exposure as im hoping to take my company national. 100% of my work comes from referrals and i spend about 10,000 a year on yellow pages. the only reason i spend on the yellow pages is so that my competition has to, so i figure if im going to spend that money and not get anything out of it, whats the difference in spending at the track where i would probably get more exposure.