Business & Finance
By Deborah Colanino
Business & Finance
By William Grossman
Long-term care is getting a lot of exposure in the current health care discussions. Long-term care (LTC) is a variety of services which help meet both the medical and non-medical needs of people with chronic illness or disability who cannot care for themselves for long periods of time.
Business & Finance
By Heather Cozby & Christine Bruno
Business Tax Deduction for Personal Use of Your Automobile
The 2009 IRS mileage allowance for business use of your personal automobile is 55¢ per mile. You can use the standard mileage method or the actual expense method.
What type of travel is deductible?
In the ordinary course of business, traveling from one work location to another, visiting customers, and attending a business meeting are all deductible.
Recordkeeping
Keep accurate mileage logs to support the tax deduction. The log should include the date, destination/client location, business purpose for meeting, odometer reading at the start of business travel and the end of business travel.
Keep a record of the odometer reading at the beginning and end of each year to document the total mileage for the year. Note that commuting to and from your principle place of business is never a deduction.
Business & Finance
By Deborah Colanino
As a Real Estate and Mortgage professional for 25 years, I have seen the market rollercoaster more than once!
Business & Finance
By William Grossman
Benjamin Franklin was famously quoted as saying that nothing in this world is certain “but death and taxes”. Chances are, if you are like 69% of Americans , you’ve also pondered the inevitability of death and the effect your death would have on your family and loved ones.
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