Remove blog are-business-coaches-worth-the-cost
article thumbnail

Tax Deductions for Business Vehicles: Section 179 vs. Bonus Depreciation

CTP

Saving on taxes by using a car for business sounds convenient and appealing, but claiming the maximum possible deduction requires advance planning. This blog will review the two main ways to leverage a business vehicle tax deduction: Section 179 and bonus depreciation. If the business has more than $2.7

Tax 91
article thumbnail

Tax Deductions for Business Vehicles: Using Standard Mileage vs Actual Expenses

CTP

New business owners may be excited to learn that the IRS also allows them to deduct their annual business mileage as a business expense. However, they may be less prepared for the task of keeping accurate records of their business trips and educating themselves on the precise rules around what counts as business mileage.

Tax 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Top 5 Benefits of Catch Up Bookkeeping

xendoo

Whether they coach chess players or sell organic puppy food online, every small business owner shares a common driving force: a passion for growing their business. Even if the books are only behind a few weeks, up-to-date records are crucial for the financial well-being of every business. It is a vicious cycle.

article thumbnail

How To Start a Bookkeeping Business in 2022 [Step by Step]

Ryan Lazanis

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. In this guide, you’ll learn: How to set up a strategic business plan. Table of Contents.

article thumbnail

Strategic partnerships and alliances for accounting firms: how to drive growth by pairing up

ThomsonReuters

By contributing skills and resources their business partner lacks, both parties expand their overall ability to create value. The survey, released by consulting firm The Growth Partnership, lays bare the urgency for firms to find business partners. How do strategic partnerships drive new business for tax and accounting firms?