Any donations of your time, whether it’s to a 501(c)3 charitable organization or not, is not deductible as a business expense or personal tax deduction.
Read More
Small Business Deductions Archives - Page 2 of 2
Let’s meet for coffee and talk about your taxes! Could I deduct the latte and scone I got? Absolutely, as long as our meeting passes one of these tests from the IRS. Test 1: Directly-Related Test -The main purpose of…
Beginning on Jan. 1, 2018, the standard mileage rates are 54.5 cents for every mile of business travel driven, 18 cents per mile driven for medical or moving purposes, and 14 cents per mile driven in service of charitable organizations.