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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.

August 28 2011

Common Tricks in Leasing

With car leasing composed of a number of complex terms, it will not be surprising if someone new to this issue gets baffled and will end up being deceived to shell out additional but unnecessary charges. Here is a look at some of the tricks dealers use to cushion their profits and leave the customers shelling out hundreds of dollars greater than the offer ought to be really worth.1.) Leasing is a superior choice when compared with purchasingThough it has been proven that leasing provides lower payments in most terms, there are instances where you get to spend more money if you're not watchful enough when studying the agreement.
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