The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a result, you might claim a lower deduction for vehicle-related [...]

By |2021-02-01T12:28:34-05:00February 1st, 2021|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

Drive More Savings to Your Business with the Heavy SUV Tax Break

Are you considering replacing a car that you’re using in your business? There are several tax implications, like the heavy SUV tax break, to keep in mind. A Cap on Deductions Cars are subject to more restrictive tax depreciation [...]

By |2020-12-14T13:44:20-05:00December 14th, 2020|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Drive More Savings to Your Business with the Heavy SUV Tax Break

2 Valuable Year-End Tax-Saving Tools for your Business

At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its [...]

By |2019-12-05T12:34:43-05:00December 5th, 2019|Categories: Blog, Tax|Tags: , , , , |Comments Off on 2 Valuable Year-End Tax-Saving Tools for your Business

Tax Deductions for Business Vehicles

Tax Deductions for Business Vehicles  What to consider when purchasing a business vehicle There are countless factors that influence a person’s decision to purchase a particular vehicle. Everything from whether to buy a car, truck, or SUV, to smaller [...]

By |2018-01-30T13:37:01-05:00August 31st, 2017|Categories: Bill Abel, Blog, Tax|Tags: , , |Comments Off on Tax Deductions for Business Vehicles
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