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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...
Peter Ellefson
Jun 21, 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...
Peter Ellefson
Jun 19, 20222 min read


The IRS Wants to Know about Your Crypto
The IRS really wants to know about your bitcoins and other crypto.
Peter Ellefson
Jun 18, 20225 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...
Peter Ellefson
Jun 17, 20223 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...
Peter Ellefson
Jun 16, 202210 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...
Peter Ellefson
Jun 15, 20222 min read
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