January 6, 2020 The Internal Revenue Service (IRS) has announced the 2020 business mileage standard rate of 57.5 cents. This applies to miles driven starting January 1, 2020. The reasons behind the decrease (as in 2019 the standard mileage rate was 58 cents) are the following: National average fuel prices have dropped. This resulted however in…
December 12, 2019 Working mobile or managing mobile workforces are more and more frequent in modern days. Whether you are a digital nomad, staying in different countries from month to month, or a real estate agent going to several different locations in just one day, there's something you should never forget to record. And that…
Last updated on January 3, 2023 Have you been thinking about starting a business? Are you self-employed? Then we're sure you came across the fact that you can deduct your business-related mileage on your tax return. Or, if this is news for you...well, it's time to celebrate! You do need to pay attention to the…
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, they might not…
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…