10 Deductions for Self-Employed

These 10 deductions for self employed are commonly missed. Make sure you're claiming all your qualified deductions. Whatever deductions you take, remember to always keep fastidious and contemporaneous records. Some of the deductions below require a higher burden of proof then just a receipt.  1. Auto Deduction If you use your personal vehicle in the … Continue reading 10 Deductions for Self-Employed

mileage deduction explained

Deducting car-related expenses from your taxes can be simple, easy, and depending on how much you use your car for business, result in quite a large deduction. In order to benefit from this deduction, you'll have to keep good and accurate records on all business mileage and (optionally) all car-related expenses. Who Can Claim the … Continue reading mileage deduction explained