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Tag: mileage

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2022 Change to Standard Mileage Rates

22 Jun 2022
Your corporation is allowed to reimburse you for your business mileage throughout the year if you provide the company with evidence. Unlike partnerships and sole proprietors, a corporate entity must make a reimbursement payment…
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Written Log Book Needed for Mileage Deduction

25 Jun 202118 Jun 2021
A recent case confirms the requirement to maintain a contemporaneous, written log book in order to claim a deduction for business mileage expense. (Contemporaneous means recorded at the time of…

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