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Peter Ellefson
Jun 21, 20222 min read
Standard Mileage Rate v Actual Expenses for Business Expenses
To write off the cost of driving for work, you can apply the IRS per-mile write-off to the number of miles you put in or deduct part of...
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Peter Ellefson
Jun 19, 20222 min read
Tax-Deductible Cruise Ship Travel
Did you know taking a cruise ship to Mexico for a business meeting is acceptable as a deductible form of transportation? Because Mexico...
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Peter Ellefson
Jun 18, 20225 min read
The IRS Wants to Know about Your Crypto
The IRS really wants to know about your bitcoins and other crypto.
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Peter Ellefson
Jun 17, 20223 min read
Increase Your Tax Deductions Using the Business-Mileage Rule
We absolutely, positively don’t like commuting mileage. You should dislike it, too. It’s personal. It’s not deductible. But with...
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Peter Ellefson
Jun 16, 202210 min read
All About Limited Liability Companies (LLCs)
Limited liability companies (LLCs) are a popular choice of entity for small businesses and investment activities. Reason. LLCs have legal...
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Peter Ellefson
Jun 15, 20222 min read
What is Deflation?
When you notice prices dropping at your favorite stores it’s generally thought of as a good thing, and normally it is. When prices start...
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