Have you been dreaming of starting your own business? Feeling balked at the legal complexities of getting it all started? In this Q&A session we are going to assume you know what business you are getting into and how to…
When can I throw my tax stuff away? Are your file cabinets and closets overflowing with papers? Frustration boiling over and ready to tear everything out by the roots? Here are a few tips on record keeping requirements. Federal Taxes…
Donations of money – cash, check, credit card, etc. – Amounts below $250 For amounts under $250 you simply need to keep a record of the payment that shows the date, amount and name of the organization – which…
2017 Standard Mileage Rate Tax deduction for business use of car The mileage rate for 2017 is 53.5 cents per mile. The standard mileage rate may be used instead of gas, insurance, maintenance, depreciation, etc. You can still deduct parking…