Moving Expenses

What Are the Moving Expenses in 2021?

Wajahat Khalid
August 12, 2021 0 Comments
Moving Expenses Certain individuals may be able to exclude from income the value of services and reimbursements received from an employer for moving expenses. If they are not reimbursed, they may be able to deduct expense...
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Mileage Log and Expense

Wajahat Khalid
July 12, 2021 0 Comments
Deductible Expenses In order to be a deductible, business expenses for travel, lodging, and meals must be ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessa...
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Business Entity Pros and Cons

Wajahat Khalid
June 30, 2021 0 Comments
Sole Proprietorship Pros:No formal creation process.Easy to operate and dissolve.No separate tax return.Easy to integrate business use of home deductions.No double taxation of profits.Cons:No liability protection, except ...
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