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Everything you need to know about the 2024 IRS Mileage Rates
A number of different types of tax credits exist in the tax code. Here are four valuable tax credits that millions of self-employed people can use.
There are over 20 federal laws that regulate relations between employers and employees. Here are six employment laws that you need to know.
Inventory loss from shoplifting, employee theft or vendor fraud, cause over $34B in losses every year. Here are some useful loss-prevention tips.
Creating an e-commerce business website requires very little capital outlay compared to a brick and mortar store. Here's how to start out the right way.
A logo can make a big difference to your business. Here are tips on how to create a logo that helps signify your company's identity.
Small businesses need to know what cash flow is and how it indicates business health. Learn how to calculate cash flow and why it matters to investors.
Human resources, aka HR, is a department that manages employee resources. This essential function brings many benefits small business owners often overlook.
Focusing on your social media strategy is integral to growing your small business. Learn how to build a following and use influencer social media content.
Job burnout is any work-related stress and can severely affect the work environment. In this article learn how to spot and overcome job burnout.
Small busines legal advice can get expensive, quickly. Here's what you need to know about when you should seek legal advice.
If you own your own business and don't file a tax return, a lot of bad things can happen. Here's what you need to know.
Not all power of attorneys are the same. Often they are not attorneys. Here are three main types of powers of attorney: financial, special, and health care.
Building business credit early can pay off long-term. Read these proven strategies for improving your business credit quickly
Learn how content marketing and the right messaging for your audience can help you grow your digital footprint, multiply traffic, and increase conversions.
Before payday rolls around, learn on how to pay yourself as a business owner and the options open to you based on your business entity.
Gene Marks explains how accepting credit cards, outsourcing collections, and taking other steps to get invoices out quickly can help cash flow management.
Unsure which numbers to crunch to determine if your business is growing or floundering? Keep reading to learn how to calculate sales growth.
Thinking of starting a business or already have company? We cover what an incorporated business means for you and your tax bill.
These 8 steps can help stabilize your cash flow, including picking the right profit margins, setting clear payment policies, and effectively closing sales.
Allen Gannet discusses the challenges business owners face when hiring executives and explains how the 50 percent rule can help when scaling a startup.
Barry Moltz makes reading financial statements and balance sheets easy for business owners and discusses why the quick ratio is a key metric to review.
Pamela Slim explains how to write a manifesto for your business that will boost company culture and in turn improve customer service within your business
Anita Campbell discusses how solid selling skills save businesses from cash flow crises, and how a sales process can help entrepreneurs who hate selling.
Since cash is the most important aspect of your business, its imperative to guard it closely. Here are three key internal controls easy to implement.
What is a life coach anyways? When should you consider hiring one to help with your self-employed business?
The car donation tax deduction can be quite valuable. Learn how to claim car donations as charitable contribution deductions.
This small business tax calendar will help keep you on track for tax time. Remember, it's more than once a year when you're self-employed.
Airport parking for business reasons can be a pain. This article walks you through your options, as well as offers insight on what's tax deductible.
One tax tip for beekeepers: Don't forget that your drives to your various hives can be written off if you keep proper records.
A vehicle reimbursement may be right for your business but there are some pros and cons to keep in mind. Here's what you should know
Celebrate International Accounting Day by learning about its origins, getting some fun facts about the field and with MileIQ for Tax Pros.
If you mix a business trip with personal time, you may still deduct a large portion of the trip but only if you plan your trip carefully.
The mileage rate for 2015 for business drives is 57.5 cents per mile. See how the federal mileage rate 2015 impacts you and your taxes.
Your travel expenses are deductible under certain situations. Find out how to write off your next trip and what to watch out for.
Social Security taxes may rise for many self-employed workers in 2017, the federal government announced. Learn what the new rate is and how to minimize it.
MileIQ for Teams allows you and your business to stop worrying about mileage tracking and focus on growing your business. See how it works.
Your dog walking business can be fun but learn about the taxes you have to pay, as well as the valuable deductions you can take.
The IRS audit odds increase if you work for yourself and file a Schedule C. Learn about the chances and how to be prepared if that dreadful day comes.
Your employee reimbursements can be deductible. Learn about the tax savings your business can get when reimbursing workers for meals, travel and more.
Employee achievement awards can be deductible, so learn how businesses can reward workers while also saving some money during tax time.
The first-time penalty abatement waiver can save your business a pretty penny when it comes to IRS fees. Learn how to qualify and to request one.
Your business association membership dues may be deductible but before you write off your country club, learn about the allowances and limitations.
This Tax Tip focuses on helping you find a tax professional that fits your need, is located near you, and has certifications recognized by the IRS.
This Tax Tip Tuesday focuses on the importance of 1099-MISC forms and what independent contractors can do if there are errors on them.
During tax season, tens of thousands face IRS phone scams. Here are five easy ways to tell if the call is a scam or legitimate outreach.
Frequent flyers may be tempted to use award tickets for air travel but are business flights deductible? See how to take advantage of this during tax time.
Holiday office parties are fun and can also be deductible. Learn about the allowances and limitations for taking this deduction.
The actual expense method for your vehicle deduction has changed with the new tax law. Here's what you should know about getting a larger write off.
Here's how to use MileIQ for your taxes for 2018 tax year. Here's what you need for your Schedule C, Quickbooks, CreditKarma and other tax prep software.
The business mileage rate for 2018 will be 54.5 cents per mile, up from 2017. The medical mileage rate also went up while the charity rate stayed the same.
A business only car still needs a mileage log, according to the IRS. Learn why and how to keep proper records for having multiple business vehicles.
The medical mileage can be a big part of the medical expense deduction. Here's what you need to know about calculating your medical mileage deduction.
The IRS standard mileage rate 2017 lets you deduct business, charity and medical drives. Learn how to write off drives & the mileage reimbursement rate.
While it's small, safeguarding tax records in case of a disaster can pay off. Here's what you need to protect and for how long.
You can file your taxes for free directly with the IRS if you meet certain criteria. Learn what information you need to file taxes for free.
The IRS requires your starting-year odometer reading if you plan to take the mileage deduction. Here's how to put that info into MileIQ.
The new year is approaching fast. If you're self-employed, it's not too late to lower your taxes. Here are four ways you can lower your tax burden.
One of the best ways to save money on taxes is to contribute money to tax-deferred retirement accounts. Learn what the new contribution limits are for 2019.
The end of the calendar tax year often has LLC members asking, "When are LLC taxes due?" Read on to learn what LLC taxes include and when they are due.
Here are the inflation adjustments to the tax rate schedules, tax tables and cost-of-living for 2019. Use these numbers to prepare your 2019 tax returns in 2020.
After discovering you made a mistake on a tax return you've already filed with the IRS, what should you do? You can always amend your return. But first, make sure you really want to do so.
The new tax law (Tax Cuts and Jobs Act) brought a drastic reduction in the amount of state and local taxes deductions you can deduct from your federal income taxes.
Be aware that deducting a car donation is a lot harder than it used to be. Here are some guidelines when donating a vehicle to a non-profit organization.
Your tax preparation fees are deductible. Learn how to take this write off during tax season, as well as the limitations for the tax prep deduction.
The IRS wants you to keep a contemporaneous mileage log, but what does that actually mean? Here’s the benefits to recording every business trip with accuracy.
Tax Day 2018 is on April 17, 2018. Find out why it's later than normal, as well as how you can take advantage of that extra time.
IRS audit rates have been declining at a steady rate for the past six years. While it may seem like good news to most people, discover the negative effects of having fewer audits.
The IRS has alerted taxpayers that there is a new twist on an old phone scam. Criminals are using telephone numbers that mimic IRS Taxpayer Assistance Centers (TACs) to trick taxpayers into paying fake tax bills.
As a ridesharing driver. I would like to use the actual expenses method to calculate my mileage deduction for 2018 because I paid for some major repairs. Or is the actual expense method the better choice?
EIN is a nine-digit number issued by the IRS and used to identify businesses and individuals for tax purposes. Here we discuss when you need an EIN, the number of ways getting an EIN, and how to get a new EIN if the status of your business changes.
Car repairs are tax deductible if you use the car for business purposes. Learn what circumstances can lead to major write offs.