Just about everyone uses their vehicle in their business. Here is a link to an article from the Journal of Accountancy on the importance of supporting your mileage deduction:
http://www.journalofaccountancy.com/Web/SupportYourAutoExpense.htm
Did you know that QuickBooks can track your vehicle mileage? You can find it by clicking Company and then clicking Enter Vehicle Mileage. You should use this feature in QuickBooks to support your mileage expense deduction. You can even set it up to bill the expense to your customers.
Tuesday, March 24, 2009
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