When you travel on business you can deduct some of those travel expenses on your tax return. Deductible expenses for transportation includes travel via airplane, bus, train or car between your home and your business destination. Expenses for taxi, commuter bus and airport limousine can be deducted for the following uses:
Read more →The IRS requires businesses to be able to clearly show income and expenses.To be deductible a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful
Read more →The IRS will only allow deductions that you can prove. So a paper trail is a good thing. It can be beneficial to ask financial institutions to make your monthly periods end on the last day of each month. Also, it is very helpful to have banks and
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