Whether you buy or lease a car for business, it’s a considerable investment. So you want to ensure you’re getting the full tax benefits in the form of deductions and write-offs that will save you money.
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It used to be common practice to lump together things like taking a client to a baseball game and treating them to dinner as “meals and entertainment” expense.
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For many companies, January is a mad dash of closing the prior year-end, making fourth quarter estimated tax payments, and sending out W-2s and 1099 forms.
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