Cents-Per-Mile Rate for Business Miles Decreases Slightly for 2020
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half...
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half...
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in...
Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your...
Passenger autos used primarily for business (i.e., greater than 50 percent) are subject to significant federal depreciation limitations, e.g., $3,160 for passenger...
Statutory requirements require taxpayers to provide specific detailed information to substantiate expenses for the following: Travel expenses (including meals and lodging while...