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September 01 2011

Standard Mileage Rate vs Actual Vehicle Expenses

Should I Claim The Actual Vehicle Expenses or The Standard IRS Mileage Rate?Filing Income Tax Return ChecklistThe IRS provides a standard mileage rate for the deduction of vehicle miles driven used in your business, you are allowed to choose between this standard mileage rate or the actual expenses you incur from owning and operating a business vehicle.Document Miles Driven or Actual Vehicle ExpensesYou will need to calculate the difference between the two methods to see which choice would be more beneficial to your tax deduction for a business vehicle.

July 05 2011

How to Manage Costs on Individual and Corporate Concerns

You can never avoid entering the realm of paperwork after you engage on setting up your own business. No matter how stressful it could be, having budgets shouldn't be disregarded. When developing budgets, two of the main points that you should consider are the issues associated with your business as well as your individual expenditures.
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