The Main Differences Between an LLC and Sole Proprietorship
Reading Time: 3 minutes
America’s economy is brimming with small businesses. According to 2021 statistics from USChamber.com, there are around 31.7 million in total,...
IRS
2020 IRS Mileage Reimbursement Rates
Reading Time: 4 minutes
What are the 2020 IRS mileage reimbursement rates? Many professionals that take the standard mileage rate tax deduction are probably...
What is the Definition of Business Travel? (It’ll Surprise You)
Reading Time: 6 minutes
Not sure what qualifies as business travel? Read to learn what is considered business travel and business travel expenses. Please...
What Business Mileage is Tax Deductible?
Reading Time: 5 minutes
An organized list, with clear explanations, of what the IRS approves as tax-deductible business mileage. Many self-employed individuals and employees...
7 Benefits of an EIN Number (Employer Identification Number)
Reading Time: 6 minutes
Key benefits of an Employer Identification Number and why your business needs one regardless of how small your business is....
How to Use Falcon Expenses Receipt Scanner for Business Expenses
Reading Time: 5 minutes
Falcon’s receipt scanner enters merchant name, date and amount for you. Scan business expense paper receipts with Falcon and save...
How to track mileage with a GPS mileage tracker app
Reading Time: 4 minutes
Deduct $4000+ in mileage expenses from your taxes if you drive just 30 miles each workday. Learn to use a...
Mileage Report, What’s Required & How Falcon Expenses Can Help
Reading Time: 6 minutes
Deduct over $6000 in mileage expenses if you drive just 40 miles a day for business each work day of...
What are the IRS Mileage Rate Amounts (Updated for 2023)
Reading Time: 3 minutes
An up-to-date chart of IRS mileage rate tax deduction amounts, how to use them, and sample calculations. IRS Standard Mileage...
Employer Tax Deductions of Employee Expenses: How to Deduct
Reading Time: 7 minutes
How an employer deducts employee business expenses depends on the plan use. Regardless of using a reimbursement or per diem...
