From RVs to sedans to smart cars, drivers behind the wheels of all kinds of vehicles are required to handle the costs of driving them and the ongoing maintenance of these vehicles. As you probably know, these expenses often add up very quickly and can become a regular expense in your monthly budget. There is some good news, however. If you use your vehicle for business reasons, you may be eligible to claim the popular vehicle deduction when filing your taxes with Uncle Sam.
The correct entity classification election for an LLC is imperative to put a business entity on the right tax track!
There as a lot of hoopla about how the Federal stimulus package would encourage spending by consumers, but it’s also designed to positively impact small businesses as well. www.sba.gov/stimulus is a new site... Read More