News & Information
3 Must Knows for any Small Business
Whether you're considering starting a business or are already in the game, there a few things you absolutely need to know to stay competitive in today's marketplace.
If you are self-employed, you may claim automotive expenses while conducting business.
If you use your car for personal and business travel, only expenses for business can be deducted. If you use it exclusively for business, you can expense all costs.
It is important to note that driving to and from the office is not deductible.
Business-related driving includes:
Giving gifts to clients can be a valuable method of building goodwill and loyalty. It’s one way to distinguish yourself from your competitors. Gifts are usually given during holiday seasons, for birthdays, significant transactions or simply as a thank you. When you buy a gift for use in business, you need to know if it qualifies as a tax deduction.