News & Articles

Follow Detailed Recordkeeping Rules for Vehicle Expense Deductions

Posted on Fri, Nov 20, 2020

Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask for mileage logs if you deducted vehicle expenses — and it tends to be especially critical of the amount deducted if you're self employed or you employ relatives. While the basics seem simple, there are numerous exceptions.

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Tags: Deductions, Vehicle Expense, Tax Deductible

Keep Your Fleet Safe and Save Money

Posted on Mon, Mar 19, 2018

Whether your company has one vehicle or dozens on the road, smart management can save you money.

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Tags: Vehicle Expense, Vehicle Maintenance, Taxes

Follow Detailed Recordkeeping Rules for Vehicle Deductions

Posted on Wed, Apr 27, 2016

Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask for mileage logs if you deducted vehicle expenses — and it tends to be especially critical of the amount deducted if you're self employed or you employ relatives. While the basics seem simple, there are numerous exceptions.

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Tags: Vehicle, Vehicle Expense, Mileage Rate

Keep Your Company Vehicle(s) Safe and Save Money

Posted on Mon, Aug 11, 2014

Whether your company has one vehicle on the road or dozens of vehicles, smart management can save you money.  Familiarity with tax laws, simple maintenance steps and high-tech solutions can reduce the costs of operating your fleet and keep it safer.

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Tags: EHTC Article, Vehicle, Vehicle Expense, Newsletter, Articles, Vehicle Maintenance, Taxes

Documentation is Key to Car and Truck Expenses

Posted on Sat, Jul 12, 2014

When it comes to vehicle expense tax deductions (and costs related to other "listed" property), as well as travel and entertainment expenses, the law is clear and strict on required documentation. And, there is almost little wiggle room.

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Tags: EHTC Article, Business, Documentation, Vehicle Expense, Newsletter, Articles, Listed Property