One of the best ways to make more money and increase your bottom line is to charge your clients for expenses (expense reimbursement). FedEx and UPS charge a fuel surcharge to defray their extra fuel costs. Service firms including accounting firms, law firms and consulting firms charge their clients for expenses (expense reimbursement) for decades.
While [...]
Business Use of Your Automobile. The Internal Revenue Service allows tax deductions for the business use of automobile. As of January 1, 2008, the 2008 optional standard mileage rates used to calculate the tax deductible costs of operating an automobile for business equals 50.5 cents (50.5¢) per mile. The Standard Mileage Allowance or Mileage Reimbursement Rates are issued by The Internal [...]
Like they say, “You can take the boy out of the country, but you can’t take the country out of the boy.” I’m sure that by now you’re aware that I’m a CPA, the “Recovering Accountant” according to some media sources. Be that as it may, the skill and knowledge come in handy now and [...]
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