If you don't know how to calculate your business mileage deduction, you could be missing out on tax deductions. Learn how to calculate.
If you’re one of the more than 150,000 Americans who has decided to “get your side hustle on” by driving for Uber, this might be the first time you’ve taken on the responsibilities of self-employment, including reporting business earnings on your inc
* Break-Even Analysis--a method allowing the small business person to calculate the sales level at which a business recovers all its costs or expenses* The Cash Flow Statement--also known as the Budget identifies the flow of cash into and out of the business* Pricing formulas and policies--...
It is hard to imagine how the government would calculate this unreliability into its system through error analysis and standard deviation. Suffice it to say, there is still much work to be done on human reported data, sentiment analysis and social statistics before we could get anywhere close ...
The simple way to calculate the amount of your home office deduction is to measure the area you use to do your work. Multiply the square footage of your workspace by $5.00 to determine your home office deduction. The most you can claim using this simplified method is $1,500 (300 square...
It is essential to remember to factor in your driver expenses when trying to estimate your earnings.After a driver has given a ride, they must calculate the hidden cost of the ride. Often drivers overlook these expenses, which then comes back to bite them later down the road....
One of the biggest expenses small business owners forget to claim for taxes is mileage. Reclaim your travel expenses with this simple method. Mileage reimbursement often gets lost in the fray. As freelancers and solopreneurs, we can be diligent about our working hours. Maybe we even calculate ti...
The total fare paid by the passenger for this ride will be $17.08. But the driver will receive a different amount. In order to calculate the driver’s cut, we need to subtract the booking fee ($3.00) and Uber’s commission (around 25%). ...