In the News | Bloomberg
Private jets and car washes are the latest tax shields for the ultrarich
Oct. 27, 2025 · Authored by Duncan Campbell
Business asset deductions can deliver major tax benefits — but only when applied correctly. In Bloomberg, Baker Tilly's Duncan Campbell shares why documentation is key: deductions apply only to assets primarily used for business, and high-value items like aircraft often face heightened IRS scrutiny.
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