You can generally deduct as a business expense all interest you pay or accrue during the tax year on debts related to your trade or business. Interest relates to your trade or business if you use the proceeds of the loan for a trade or business expense.
Hardy Cognac. It was in 1863 that Anthony Hardy, a London gentleman, settled in Cognac and established himself in the business of high-quality wines and spirits. Five generations later, Hardy Cognac is known for its character and for the skills of its cellar masters, custodians of a heritage handed down forever.
Sip a glass of cognac and youâll understand why the French say itâs made from lâeau de vie (the water of life). The velvety spirit is the most famous variety of brandy and is named for the area in France where it must be produced. The area around the town of Cognac, France, is divided into six grape-growing regions. The most expensive fruit comes from Grande Champagne, Petite Champagne and Borderies. Once picked, the grapes are fermented and then distilled twice in copper pot stills, which produce a colorless alcohol called eau-de-vie.