How to calculate business travel expenses To calculate the estimated travel deductions, you can use one of the following formulas. When tallying write-offs, be careful about what you consider a business expense. While baggage fees, laundry costs, and admission to a workshop all count, you ...
How to calculate business travel expenses To calculate the estimated travel deductions, you can use one of the following formulas. When tallying write-offs, be careful about what you consider a business expense. While baggage fees, laundry costs, and admission to a workshop all count, you shou...
Uber drivers receiving a 1099-K for the first time often are surprised to see that the income reported is greater than the amount they actually received in payment. That’s because IRS tax rules require Uber to report the full amount the customer paid, including the co...
Let’s say a passenger takes a ride from Santa Monica, CA to LAX and the ride takes 26 minutes and comes out to 8.5 miles. In order to calculate your payout, we’ll need the current rates in Los Angeles, which are $0.28/minute and $0.80/mile. Additionally, there’s a $3.00 marke...
* Ratio Analysis--a means by which individual business performance is compared to similar businesses in the same category* The Pro Forma Statement of Income--a method used to forecast future profitability* Break-Even Analysis--a method allowing the small business person to calculate the sales ...