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G&G Associates
Tax & Financial Consulting Services


Vehicle Expenses
Standard Mileage vs. Actual Cost

February is Understanding Business Expenses month. I get questions almost daily such as, "can I deduct this expense in my business?" How do I appropriately deduct this business expense? Well what I decided to do over the next month is cover some of the most common business deductions a typical business owner has in operating their business. My goal is to educate my clients to help make sure they are maximizing all their allotted business deductions AND to make sure you are LEGALLY deducting the expenses appropriately.

Now, you have heard me say it before, there are over 422 tax deductions allotted to business owners, but if you don't know them you can't use them. The IRS gives benefits to business owners that employees aren't privileged to; it’s just that you have to play by his rules to utilize them.

So, that's what I'm trying to do this month. I want to try and help you understand the rules. Please come prepared with the tools you need to learn on these calls. All these calls will have materials you'll need to download to help you follow along in the call.

Make sure to pass this on to all those you know who have a need or interest in the information. Time is a precious commodity and I'm only interested in helping those who want help.

Thursday, February 7, 2008
9:00p-10:00p est.
Tax & Financial Training Call
February is "Understanding Business Expenses" month

> Vehicle Expenses {standard mileage vs. actual cost}
> Entertainment Expenses {bus meals vs. entertainment meals}
> Travel Expenses {lodging, air, taxi, parking, tolls, and laundry}
> Business Expenses {HBBE, communications, internet, interest}
> Wages {Family Employees

Download Links:
www.gngassoc.com/TaxClass/Car_Vehicle_p463.pdf
www.gngassoc.com/TaxClass/WEO.pdf

712-451-6100 pin 974124#

All Times are Eastern Standard Time (please make adjustment for time zone)

Thanks

Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
877-817-6031 toll-free
866-361-3872 toll free fax
www.gngassociates.net

"The hardest thing in the world to understand is income taxes." Doing Your Taxes doesn't have to be difficult. You could do it yourself but that's like changing your own oil...what else could be wrong with the car? Let us do the job for you-accurately and efficiently to get you all the money you deserve. Visit our website for more information or call us today to set your appointment.