ConnollySteeleJun 28, 20223 minVehicle expenses: Can individual taxpayers deduct them?It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them in certain...
ConnollySteeleDec 27, 20212 minWill the standard business mileage rate go up in 2022? Yes!After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for...
ConnollySteeleDec 15, 20212 minProviding a company car? Here’s how taxes are handledThe use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax...