You’ve lost the deduction!

Are you keeping a close eye on your net profit from your business?  Many owners forget to record all their business mileage and charge their business.  Driving to the bank to make a deposit, visiting your accountant, the supply store, meeting a customer for drinks or dinner, visiting a competitor’s store to see how they market, etc.  Today you can get 56.5 cents per mile!  If your business has an “Accountable Plan” you don’t need to report the income from the mileage!