For instance if you’re a sales rep and you
drove your vehicle 20,000 miles in a year
and 8,000 of those miles were for personal
and the other 12,000 miles were for
business, you can only deduct 60% of your
expenses.
For employer provided vehicles, you may
deduct unreimbursed expenses but you
may not be able to take the standard
mileage deduction. Be sure to check with a
qualified tax professional before deducting
auto expenses on your tax return.
For more information visit my website at
www.actservices-inc.comTina L. Moe, C.P.A., CGMA, formed A.C.T. Services in 2002,
and began building her business. Her practice has grown to a
clientele more than 1,200 clients and a team of more than a
dozen staff members.
Tina attributes her business growth to being proactive with
her clients, maintaining affordability and accessibility of the
business owner herself.
Tina is a member of the American Institute of Certified Public
Accountants (AICPA) and the Indiana CPA Society. Contact her
at:
www.actservices-inc.comand on
CLICK HERE TO WATCH MY VIDEO EPISODESSOAR TO SUCCESS
| AUGUST 2015 |
Core Business Strategies