Don't forget vehicle insurance

Did you know that you may be able to take a portion of your mileage on your personal car as a tax deduction on your yearly tax return? The IRS will allow a deduction of.XX cents a mile (depending on year) for every mile you classify as business mileage. Visit the IRS website for updated information.

Business mileage may include a trip to your local grocery store or wholesale dealer to pick up supplies. It may even include travel to and from your place of business. We suggest keeping a log in your vehicle and write down any mileage used for business. You will need this information as proof to the IRS.

As with any legal or accounting advice in this manual, it is imperative that you first speak with an attorney or certified public accountant to make sure that this applies in your situation.