When you understand the rules for business mileage, you'll be able to make better decisions.
Take, for example, Mahali. He deducted 30% of the cost of her SUV before she learned the mileage rules. She deducted 92 percent after learning the rules.
Consider Thando, who lost almost all of her vehicle deductions due to an IRS audit.
Follow Mahali's example. Here's how to do it.
Please do not hesitate to contact me if you have any questions about your business vehicle.
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.