When November arrives, it also that means your annual property tax bill should be available. Here is a short video from company President Nate Davis that you may find helpful.
When tax time comes around, we get a ton of self-employed tax questions regarding how different scenarios impact getting approved for a loan. We wanted to summarize how the deduction for mileage is viewed through the eyes of lending.
Please consult a tax professional with tax preparation questions.
Automobiles used for business purposes have an option to deduct expenses based on actual business miles driven. This lowers tax liabilities by decreasing stated profit, which can affect the loan amount for which a person can get approved. Continue reading Self-Employed, Business Mileage and Mortgages