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.
New Product Spotlight: RÃ©my Martin V â A âWhiteâ Cognac. Typically, when a product fermented from grapes goes âwhiteâ (i.e.: white zinfandel), it isnât a good thing. This is not the case with RÃ©my Martin V (pronounced âveeâ) â the first clear spirit from the House of RÃ©my Martin. âThe new spirit masterfully blends the savoir faire and the aromatic richness of the RÃ©my Martin House with the smoothness and mixability of a clear spirit.