How to Write Off a Car for Business: Mileage vs. Actual Expenses
You are leaving serious money on the table every time you drive for work if you don’t write off a car used for your daily operations. Driving to meet clients, picking up supplies, or heading to job sites all count as valuable business purposes. Knowing exactly how to write off a car for business is […]
Understanding Unreimbursed Partnership and Business Expenses
As a partner in an LLC or LLP, you’ve probably paid for business expenses out of your own pocket. Fortunately, you are still able to deduct these. However, the IRS treats these dollars very differently than if you were an S-Corp owner or a standard employee. These out-of-pocket costs are known as Unreimbursed Partnership Expenses […]