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tax benefits?
Last Post 10 Aug 2017 09:26 AM by chuck001. 0 Replies.
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chuck001

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10 Aug 2017 09:26 AM
    I own a carpet cleaning and tile/grout cleaning business as a one man show.  Profit margins are large and if you aren't careful, Uncle Sam will eat you up on April 15.  I will be entering the market in the near future for a boat and would like to find a way to put it in my business.  Are there any added benefits of making it a CGAUX facility?  I know putting a boat or anything perceived as a "toy" in a business will draw attention from the IRS.  I do have a 100 ton so chartering would be justified and doable to show income.

    Thanks folks..
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