Business Use of Vehicles: Standard Mileage vs. Actual Expenses

Vehicle Expenses for Business use Vehicle expenses are frequently one of the greatest small business tax deductible items. Tax rules for claiming car and truck expense are very tricky. The first thing is to make sure you keep a good records to calculate your vehicle expense deduction. A mileage log is a good example to […]

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Filing Requirements for Inactive Businesses

Do you have to file a return? What if you’ve picked a name, filed the papers for an LLC, etc. but haven’t started the business and have no income for the year? Whether or not you have to file any returns depends on the circumstances. Please keep in mind that the discussion below assumes that […]

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