FirstRock Advisors

03/17/2025

The tax benefits of leasing a vehicle for business purposes. Here’s a breakdown:

For Business Use

If you lease a vehicle for business purposes, you may be able to deduct certain expenses on your taxes:
1. Lease Payments Deduction – You can typically deduct the portion of your lease payments that corresponds to business use. If you use the vehicle 80% for business, you can deduct 80% of the lease payments.
2. Mileage Deduction – Instead of deducting lease payments, you may choose to deduct the standard mileage rate (if applicable).
3. Depreciation Alternative – Unlike purchased vehicles, leased vehicles don’t qualify for depreciation deductions, but the lease payments often provide a similar benefit.
4. Other Expenses – Insurance, maintenance, and registration fees related to business use can also be deducted.
5. Luxury Auto Lease Inclusion – If the leased vehicle is above a certain value, the IRS requires an “inclusion amount,” which reduces the deductible portion of the lease payments.

03/09/2025

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12/11/2024

https://cybersecuritynews.com/waf-vulnerability-in-akamai-cloudflare-and-imperva/

A recently discovered security vulnerability dubbed "BreakingWAF" in the configuration of web application firewall (WAF) services.

09/14/2024

Ivanti warns of active exploitation of Cloud Appliance flaw CVE-2024-8190. Patch urgently required.

07/02/2024

Ransomware payments soar by 500%, averaging $2 million in 2024. Learn why next-gen MFA is crucial.

05/23/2024

Ivanti releases fixes for 10 critical security flaws in Endpoint Manager that could allow remote code ex*****on.

05/15/2024

Patch Tuesday: Microsoft documents 60 security flaws in multiple software products and flags an actively exploited Windows zero-day for urgent attention.

05/11/2024

A major US health care system said Thursday that it is diverting ambulances from “several” of its hospitals following a cyberattack this week.

05/09/2024

SMARTPHONES owners are being warned over a type of cyber-attack that preys on a painfully common password mistake. The attack is called “credential stuffing”, and cybersecurity experts …

05/03/2024

Companion publications to NIST’s AI Risk Management Framework explore a long worry list in more detail and are likely to become essential reading for security professionals.