Just the words “IRS audit” are enough to make most people roll their eyes or groan in pure agony. More specifically, business owners in particular often fear being audited by […]
Tag: Business expenses
How To Prepare for Tax Season
Want to make sure your tax paperwork is organized? Keep excellent records all year. That way, after the end of the year, you just gather applicable tax documents that arrive […]
Managing Business Expenses
Every business has expenses, including manufacturing costs, rent, furniture, light bills and vehicles. These are all the goods and services that you need to keep the business running. The IRS […]
The Cents-Per-Mile Rate For Business Miles Decreases Again For 2021
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a […]