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This is proving hard to google for... how do I handle a business (sole proprietorship) whose primary activity is renting a car to customers?
Everything I've read assumes using a car for business purposes, e.g. the businessperson driving the car for business activities. But this doesn't seem the same as the car being rented by customers and driven.
Should it be entered as a business asset with the expenses (garage, insurance) deducted as normal business expenses? Or should it be entered as a vehicle expense, with mileage and vehicle-specific expenses?
Thanks!
Everything I've read assumes using a car for business purposes, e.g. the businessperson driving the car for business activities. But this doesn't seem the same as the car being rented by customers and driven.
Should it be entered as a business asset with the expenses (garage, insurance) deducted as normal business expenses? Or should it be entered as a vehicle expense, with mileage and vehicle-specific expenses?
Thanks!
Responses (1)
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Accepted Answer
0Hi. Recently I also needed to solve some issues related to my business in another city. I even had to use air transportation to do it. When I arrived at the airport, I realized that I also needed a way to get into town. Fortunately, I was lucky enough to come across Under 25 Car Rental Honolulu Airport. I was able to rent a car from these guys for a pretty cheap price and got out of the airport and into the city without any problems. I advise you to give them a try as well.
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