Business Deductions

One benefit of running your own business is the ability to hire your children. Payroll taxes differ from those to other employees. The following details may help you identify some differences to consider.

Many taxpayers have a hard time when it comes to taking auto deductions on their tax return. The rules can be confusing and knowing what documents to have for tax time can be difficult. This short guide can help you understand how the expenses are calculated. There are two ways to calculate your auto expenses. There is the standard mileage rate and there is actual vehicle expenses. Standard Mileage Rate This is the simplest way to get a mileage deduction on your tax retur