Mar 3, 2020 | Depreciation Tips, Rideshare Taxes, Tax Tips
As a business owner, tax deductions are your best friend. By leveraging your qualified expenses against your income, you can effectively lower your tax obligation. When it comes to qualified expenses, the IRS allows a lot of regular business expenses to be written...
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Feb 20, 2020 | Depreciation Tips, Tax Tips, Turo Taxes
Rideshare business owners are facing new tax regulations following the passage of the Tax Cuts and Jobs Act (TCJA) some of which have affected leasing and depreciation tax rules. As a result, Tax Reform means that rideshare business owners now need to reassess the...
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Feb 13, 2020 | Carshare Taxes, Depreciation Tips, Tax Tips, Turo Taxes
Turo and other carsharing apps changed the game for vehicle owners. These apps allow drivers to get better returns on the money they invested in their vehicles. It’s a great opportunity for people with cars they barely use. Some entrepreneurs even use these...
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Dec 11, 2019 | Depreciation Tips, Tax Tips
Depreciation has a bad reputation. After all, nobody wants their assets to lose value. However, from a business perspective, depreciation helps your tax situation. Business owners need to keep close track of their depreciation expenses. Then, they can deduct it at tax...
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