This is a case study of a car was business which invested in autos over 6000 pounds and benefitted from the Section 179 tax deduction.The Challenge Clean Ride Auto Spa, a growing car wash and detailing company, faced increasing demand for their services. To maintain...
Dealing with income tax can feel hard, especially for businesses that use non-employee compensation. Every tax year, companies work with independent contractors, freelancers, and self-employed people. They have to report certain details on Form 1099 NEC. In this blog...
Here we have a classic business case of reaping the benefits of Section 179 by investing in vehicles over 6000 pounds GVWR. Want to see how Section 179 tax benefits can fuel business growth?Watch our video case study on how Luminous Tec leveraged these benefits to...
Every year, the IRS updates its mileage rates, a small but significant announcement that impacts countless Americans, especially small business owners or those juggling work and personal commitments, often behind the wheel of a personal vehicle. The miles driven for...
Running a business can get expensive, especially when you need reliable vehicles to keep things moving. That’s where the Section 179 deduction comes into play. It allows you to deduct the cost of qualifying assets, such as vehicles over 6000 lbs, used for business...
Understanding the Accounts Receivable Turnover Ratio (AR Turnover Ratio) and how to calculate using the Net Credit Sales Formula is essential for any business. These metrics provide valuable insights into a company’s sales performance, cash flow management,...
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