Your Guide to Deducting Mileage versus Gas Receipts

If you use your vehicle for business purposes you can either deduct the actual cost (gas receipts) or you can deduct the miles. The IRS does not allow you to do both, using both methods could result in an audit. In both cases you will need to figure out the percentage of use for business […]

Owning an S-Corp can seem confusing as to how you get paid. Properly utilizing the benefits of your corporation could potentially save you thousands of dollars in taxes. There are steps to take in order to be properly compliant with the IRS. These steps are: Become a W2 employee with reasonable compensation (Read our previous […]

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Monthly Archives: September 2015

Your Guide to Deducting Mileage versus Gas Receipts

I own an S-Corp, how do I get paid?

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