PIB TIP: DEDUCT FOR BUSINESS PURPOSES. If you buy

PIB TIP: DEDUCT FOR BUSINESS PURPOSES. If you buy dinner for a driver you are trying to recruit for your company, you can deduct an entertainment expense. But you can’t deduct the cost of a video for entertainment. You can deduct the cost of a CD player and a VCR, but not CDs or videos, unless they are used for educational purposes related to your business. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.
Download
Partners in Business Issue Cover