Category Archives for General
IRS Updated Online Services – A complete Guide for Start Ups and Small Business Owners
Tax season has finally passed and it is a good idea to get tax records in order now to streamline the process for the next season. For most of us business owners tax rules and compliance is a major headache. Just one tax question can trigger an avalanche of research. Reading through tax forms and […]
Continue readingStandard Mileage Versus Actual Expenses
Basics Two methods can be used, the standard mileage method and the actual expense method for business use of car. If the car is used for both business and personal use, only the cost of the business use can be deducted. Not every business qualifies for the standard mileage deduction and, therefore, it is advisable […]
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