September 6, 2019 One of the most important elements of creating a mileage log is whether the trip is categorized as a business or personal trip. When claiming your business-related expenses, you have to be able to prove the ratio of your business and personal trips. But what is business and what is personal? According…
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What to do if you realize you should’ve kept a mileage log?
September 5, 2019 Before the tax year ends, there’s a chance you have to face a few unpleasant surprises. If you have a small business, or you’re an independent contractor or a freelancer most of the tax-related administration is something you have to do for yourself. Even if you have an accountant, because they might…
Errors in your mileage logs discovered when changing accountants – a risky situation
September 2, 2019 If we outsource one of our tasks to a competent person in a given situation, we tend to blindly believe that if we paid for a service the job is going to be flawless. However, professionals can make mistakes (or maybe they’re simply not professionals) and if these problems only come to…
Which one to use for business: Company vs personal cars
Last updated on: April 12, 2021 If your company mostly deals with transporting goods or you just simply need your employees to be mobile and you need to provide some kind of means of transport, you have two options to choose from: you can either provide them with a company car or have them use…
It will become more and more difficult to recruit quality workforce
August 27, 2019 In the next 50 years, demographic changes will significantly alter the U.S. population and labor force, according to the Bureau of Labor Statistics. Labor shortages are increasing, not only in terms of quantity but also in terms of quality. But what does this mean for businesses? In recent times, companies have been…
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