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Showing posts from December, 2018

The Ins And Outs Of Business Vehicles: What’s Right For You?

A shocking 27.9 million small businesses were launched in the US in 2010; 18,500 of those firms had 500 employees or more. This number has continued to grow in the recent years with the rise of internet businesses and programs like Kick Starter. If you happen to be one of those millions of people, you likely use a vehicle for business purposes and/or transportation to and from work. Just as you separate your personal expenses from business dues, you should also keep business vehicles and usage as well as their corresponding expenses separate from your personal car affairs. In most cases, this allows for a tax break, but there are a few things to consider first.
Taxable Business-Related Expenses
Carefully consider what is legitimately a business expense. If you drive a personal vehicle for work purposes as well as personal ones, you’ll need to keep track of the miles a
The Ins And Outs Of Business Vehicles: What’s Right For You?

The Ins And Outs Of Business Vehicles: What’s Right For You?

A shocking 27.9 million small businesses were launched in the US in 2010; 18,500 of those firms had 500 employees or more. This number has continued to grow in the recent years with the rise of internet businesses and programs like Kick Starter. If you happen to be one of those millions of people, you likely use a vehicle for business purposes and/or transportation to and from work. Just as you separate your personal expenses from business dues, you should also keep business vehicles and usage as well as their corresponding expenses separate from your personal car affairs. In most cases, this allows for a tax break, but there are a few things to consider first.



Taxable Business-Related Expenses



Carefully consider what is legitimately a business expense. If you drive a personal vehicle for work purposes as well as personal ones, you’ll need to keep track of the miles acc
The Ins And Outs Of Business Vehicles: What’s Right For You?