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Small Business Deductions


How to Maximize Your IRS Meals Deduction: A Complete Guide for Business Owners
Let’s get straight to the point. To deduct meals properly, you need to follow the IRS rules. The IRS decides whether a meal deduction is...
Mar 23, 2025


How to Calculate Gain or Loss on the Sale of a Business Vehicle
Many tax software programs automatically calculate the gain or loss from selling a business vehicle, but they don't always get it right....
Mar 23, 2025


Can an llc write off a car purchase?
If you're using your vehicle exclusively for business (no personal trips, no detours), then yes, you can write off the full cost of that...
Feb 24, 2025
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