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 Comments are closed  Accounting & Bookkeeping, Auto, Business Taxes, General, Home Office, Personal Taxes, Small Business, Tax Information With the passing of the holidays, comes the necessary and dreaded task of preparing yourself and your documentation to report your earnings and deductions to the IRS. We will go into this a little further next month, but I wanted to give you some preliminary tips to help make the process easier. If you paid anyone acting as an independent . . . → Read More: Small Business Primer for Tax Season Leave a comment Accounting & Bookkeeping, Auto, Business Taxes, Home Office, Small Business, Tax Information  accounting, accounts payable, accounts receivable, asset, bookkeeping, depreciation, form 1099 misc, home office, independent contractor, inventory, IRS, nonemployee compensation, payroll, prepaid expenses, reconciliation, tax, vehicle, W-9, year end The details for deducting business vehicle expenses can be found in IRS Publication 463. Using most popular tax software programs, a worksheet is used to feed the deductible cost into the Schedule C vehicle expense line. This discussion is a general overview, focused on self-employed individuals that own or have financing on a car that they . . . → Read More: Seacoast Accountability’s Guide to Vehicle Expenses |
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