business taxes « Small Business Startup Information

What’s Your Most Urgent Question About Business Taxes?

What questions do you have about your business taxes?

I’d like to do a series of articles this month and next to help small business owners like you to better understand their business taxes.

Rather than write only about what I think is important, I’d like to hear what’s on your mind.

1. Make sure you get the maximum allowable tax deduction for business use of your car

There are two methods to calculate your auto expenses and you can choose the one that gives you the best results:

actual costs
optional mileage amount (for 2009 it’s .55 per mile)

You can choose differently each year without needing permission from [...]