How To Turn Non-Deductible Commuting Mileage Into A Legitimate Business Expense
Tax Tidbits: Presented by
of www.YouSaveOnTaxes.com.Short but sweet nuggets for the Small Biz Owner and/orSelf-Employed Person, each morsel serving up a specific taxreduction strategy guaranteed to tickle your monetary taste-buds.The U.S. Tax Code is so big, there's only one way to digest it: one little nibble at a time.Just like a piece of candy, one small bite of taxknowledge can give you one very delicious deduction!============================================================Tax Tidbit #1:How To Turn Non-Deductible Commuting Mileage Into A Legitimate Business Expense-- by Copyright 2003
Inc.============================================================For most folks, commuting mileage is a non-deductibleexpense -- unless you know the little tax trick I'm about to reveal.The non-deductibility of commuter miles is painfullytrue for the employee who fights rush hour traffic everyday,twice a day, for 5 to 10 hours a week.All that hassle, and what does he have to show for it?Just gas money down the drain, not to mention the wearand tear on both his vehicle and his stress-o-meter.You can deduct virtually all your mileage, including themilesyou log from your home to the office or other place of business, if you meet the following two criteria:1. You are a small business owner or self-employedperson, and2. You have two offices or work locations: one outside thehome (Office #1) and one inside the home (Office #2).Having two offices is very common for today's self-employedprofessional. The store owner, the shopkeeper, the salesman,the plumber, the consultant -- all these folks aretypically self-employed and have two offices:one where they meet with the public (Office #1), the otherat home, where they get their paperwork done (Office #2).Here's how it works:Every day you get up and "go to work." But you don't get in the car and drive to Office #1 right away.
If youdid that, even as a self-employed person, you would beracking up non-deductible commuting miles, just like theemployee.Instead, you grab a cup of coffee and head to Office #2first,which takes all of 30 seconds.After working in Office #2 for awhile, then you hop inthe car and head to Office #1, where you work for the bulkof the day.Then, when you're done at Office #1, you get back in the car and go "home" -- except when you get inside yourhouse, you don't head for the living room, you go straightto Office #2, where you finish up your daily routinewith a few final minutes of paperwork.What have you just done?You daily round-trip "commute" is now a business deduction, due to a simple tax loophole that says:Any miles driven between two business locations aredeductible business miles.The fact that one of those two locations just happens to beyour Home Office is fine and dandy with the IRS.By following this route each day, you can save hundreds,even thousands of dollars in taxes.The proof is in the pudding:Your round-trip "commute" is 20 miles per day.20 miles X 5 days = 100 miles per week.100 miles per week X 50 weeks = 5,000 miles per year.5,000 business miles X .36 cents = $1,800 deductionSo, you just got yourself a nice $1,800 deduction --a deduction that you've probably been entitled to for years but didn't know it.$1,800 deduction X 32% income tax rate = $576 in actualtax savings (27% federal income tax + 5% state income tax)Five-hundred and seventy-six bucks. . . every year. .
.. . . Hmm, mmm, good! Now that's a tasty little morsel!.
Gas Prices are on the Rise Again
In recent weeks, gas prices have risen to a national average of over $2.00 per gallon.
As we've learned from decades of experience, when crude oil prices continue to skyrocket, gas prices invariably follow.With the holiday season upon us and busy lives that must go on, driving less may not be an option for most people.
We can spend tens of thousands on new gas-electric hybrid cars, or we can find ways to make our current vehicles run more efficiently.To help Americans get more out of their fuel dollar, Extreme Research introduces Enviro-Max Plus, a revolutionary fuel catalyst that can increase fuel efficiency by up to 35%.
Enviro- Max Plus is endorsed by Johnny Rutherford, three-time winner of the Indianapolis 500. It is one of only a few automotive products in its category to have received a US Patent.
"It benefits drivers, the environment, and it's available only through Extreme Research," says Jerry Moore, representative of the company.Drivers who...
Gas Prices are on the Rise Again
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Website, Internet and World Wide Web Presentation
Lighthouse Coastal Literary of Savannah, Georgia, a Literary, Consultation and Promotions Agent, with clients in the Albertville and Guntersville, Alabama area, will be doing a "Special Presentation" on
"Websites, the Internet and World Wide Web" on May 24 & 25, 2005, at the "Lake Guntersville Chamber of Commerce" 200 Gunter Avenue, Guntersville, Al. All those individuals and area Businesses that would like to attend are urged to register early for this most exciting event.The Presentation focus is aimed at providing information to those who are thinking about building a Website; or those who have a Website and would like to get more presence on the Internet; and for those who would like to know more about maintaining their Website for the best possible optimization and sales of products or services. Learn the best ways to plan, organize and build from the ground up. Learn how to maintain after it is built, and how to keep it running smoothly and consistently with, and in, today's...
Car rental > Website, Internet and World Wide Web Presentation
Security Release: Important Tips For Your Vehicle
You car is probably one of the most expensive items you have ever purchased. Therefore you must protect it well to help you keep your car and belongings from being stolen or vandalized.Here are some important tips for the security of your vehicle:Tip 1: Park in a Well Lit AreaPlaces which are well lit and have a lot of traffic are the best place to park your car. No sensible thief will steal a vehicle where there are a lot of people around.Tip 2: Don't Attract AttentionAttracting attention tells people that you have something valuable in your car. Don't attract attention by placing high valued items in full view. Hide them away or risk losing the whole vehicle!Tip 3: Take your Belongings with YouTake everything out of your car.
Anything that can call attention probably will, and thieves love to hotwire cars that have expensive things inside. Don't leave in plain view any money, electronic items or expensive items.Tip 4: Thieves Love Audio Equipment as Much as You doA good snatch-and-grab...
Security Release: Important Tips For Your Vehicle
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Take The Mystery Out Of Finances And Simplify Your Life
What is finance and what do you need to know? Finance canmean different things. It may refer to your personalfinancial situation. It could refer to your investments or abusiness's investments. It could refer to a credit or loanpurchase.Financing can be involved in your life in different ways.For example, if you are going to invest in a large purchasesuch as a house or even a car. Large furniture purchases andcredit cards all fall into these categories.
Interest ratesare the most integral part of financing. Why else would acompany want to loan you money or offer you credit? How elsewould they benefit? They benefit from the interest that youhave to pay in on financing your loan. There are differenttypes of financing options available.The percentage rate is the amount of interest that you pay.The percentage rate is the certain portion of your loan orcredit that you pay back in interest. For example, if yourloan was for $40,000 and your interest rate was 12.3% thenyou would pay 12.3%...
Take The Mystery Out Of Finances And Simplify Your Life
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Your Mechanic Can Be a Valuable Asset When Purchasing A Used Car
by Spanos Imports
Car dealers are not particularly well liked, and knowing as many of them as I do, I can understand why that might be the case. I run an import shop in Florida that specializes in late model luxury imports. I've been in business for quite some time, and I have heard plenty of horror stories from customers regarding other dealerships. In my opinion, I think the majority of car dealerships one will encounter are reputable, by and large. I say "by and large" because some dealers I know use nickel and dime methods to maximize their profits, which I disagree with.
Personally, I would rather give the customer a quality auto at a fair price and consequently gain a lifetime customer, but that's a topic for another article.
One of the more recent horror stories I heard involved someone who had purchased a vehicle that was leaking oil. For those of you that know anything about cars, you know that this is nothing to be taken lightly. The customer was...
Car rental > Your Mechanic Can Be a Valuable Asset When Purchasing A Used Car
Tornado Fuel Saver Facts
Today's increasing costs is no doubt a burden to consumers. We all want to spend less and are constantly on the lookout for better deals that do not sacrifice quality. For car owners, this means less expensive auto parts that still boost car performance. It also means fuel savers that can maximize your engine's fuel for less replacement. Thanks to much research and technological innovations, a great and effective fuel saver was born: the Tornado Fuel Saver.
Let us count the ways why the Tornado Fuel Saver will benefit you in more ways than one...
What is the Tornado Fuel Saver? Also called the Tornado Gas Saver or Tornado Gasoline Saver, the Tornado Fuel Saver is an automotive air channeling tool that creates a swirling air motion, allowing the air to move in a faster and more efficient way by whirling air around corners and bends. This results to more fuel saved. It took ten years...
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Venice Florida Vacation Rentals Home Finds Matches Online
Venice, FL (ContentDesk) July 20, 2004 --
Venice Venice Florida Vacation Rentals Home is a beach vacations rental home 2 blocks from the beaches. This is how Steve Milo's listing reads for his Florida vacation home on the Rentalo.com vacation rental homes web site.Through the use of sites like Rentalo.com, Vacationhomes.com and A1Vacations.com, Steve Milo has an increased demand for renters than can fill.According to Milo, he initially bought his vacation house near Venice Beach Florida in 2002.
He thought it would be easy to rent the cute little Florida beach cottage as it was only 2 blocks away from the Venice FL beach.He listed it with a local management company and after 3 months of no responses he got worried.
Then, he discovered Internet vacation rental homes sites and listed the house.
Soon, his email box was brimming with inquiries from travelers around the world.Milo said the key to his Florida beach vacation villa success has been using...
Car rental > Venice Florida Vacation Rentals Home Finds Matches Online
Take The Mystery Out Of Finances And Simplify Your Life
What is finance and what do you need to know? Finance canmean different things. It may refer to your personalfinancial situation. It could refer to your investments or abusiness's investments. It could refer to a credit or loanpurchase.Financing can be involved in your life in different ways.For example, if you are going to invest in a large purchasesuch as a house or even a car. Large furniture purchases andcredit cards all fall into these categories.
Interest ratesare the most integral part of financing. Why else would acompany want to loan you money or offer you credit? How elsewould they benefit? They benefit from the interest that youhave to pay in on financing your loan. There are differenttypes of financing options available.The percentage rate is the amount of interest that you pay.The percentage rate is the certain portion of your loan orcredit that you pay back in interest. For example, if yourloan was for $40,000 and your interest rate was 12.3% thenyou would pay 12.3%...
Take The Mystery Out Of Finances And Simplify Your Life
Car rental > Take The Mystery Out Of Finances And Simplify Your Life
Computer Performance Tips
IntroductionIn this article I will clearly spell out the most effective steps you can take in order to increase the performance of your computer and enhance your computing experience.More Memory (RAM)If your computer has less then 256 MB of memory you may want to consider adding more. If you don't know how much memory you have: right click my computer, go to properties and look towards the bottom of the dialog box. Memory is where the computer stores open files or programs in order to give the...
Computer Performance Tips
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What is Data Recovery? - A brief Introduction
What is Data Recovery?Data Recovery is the process of retrieval of inaccessible or corrupt data from digital media that has become damaged in some way. Data Recovery can be used to recover data from devices as varied as Hard Disk Drives, Memory Cards, Tapes, Mobile Phones, Personal Digital Assistants, Floppy Disk's, CD's, DVD's, Data Cartridges, Xbox's and many more items.Data Recovery may be needed for reasons as diverse as hardware failure, (the tape has been ?chewed' up, the hard disk drive...
data recovery What is Data Recovery? - A brief Introduction
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8 dog training tips for you and your dog.
You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated. fayolap@yahoo.com Dog Training Tips8 dog training tips for you and your dog.By Dog training requires simple persistence to be a successful and delightful experience for you and your dog.Here are 8 dog training tips to guide you along the way.1. Dog Training Tips - Get your dog's attentionBefore you can start training...
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Car rental > 8 dog training tips for you and your dog.
All About Gifts & Baskets Launches Gift Baskets Tip Site at LifeTips.com
Boston, MA (ContentDesk) February 17, 2006 -- All About Gifts & Baskets selects LifeTips for content development services and link building strategy, and together with LifeTips announces the launch of the Gift Basket site in the LifeTips network to millions of knowledge seekers at LifeTips. All About Gifts & Baskets will now become the exclusive Gift Basket client in the LifeTips network. All About Gifts & Baskets is a great company for consumers looking for creative ideas for sending gift baskets, ...
fruit baskets All About Gifts & Baskets Launches Gift Baskets Tip Site at LifeTips.com
Car rental > All About Gifts & Baskets Launches Gift Baskets Tip Site at LifeTips.com
Finding a mortgage in Nashville
Weather you're purchasing a new home or looking at refinancing an existing mortgage it can be a big task. In order to find the best loan, a lot of research is required. Mortgage Nashville brokers are not hard to locate. You can simply do a quick search at any online directory to find local brokers. The problem with this is that it can be very time consuming, calling each broker requesting a quote and then comparing them to find the best deal.
This can be a pain and I'm sure you have better...
Finding a mortgage in Nashville Car rental How To Turn Non-Deductible Commuting Mileage Into A Legitimate Business Expense
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