Today’s Legal Minute for Small Businesses: Do you use your vehicle for business and want to write it off? If so, you may want to review whether you are keeping the right records to write it off at the end of the year. You should be keeping a mileage log that shows where you went and what you went for. You should be keeping receipts for all the maintenance and repairs you do for your vehicles. You should also be keeping records for your vehicle such as the registration, title, and sales documents. With the proper documents, and upon the advice of your accountant, you can write off some or all of your vehicle expenses. If you have any questions regarding the use of your vehicle for business, please feel free to contact me, your Denver business attorney, at 720-258-6647 or Elizabeth.Lewis@eclewis.com.
- We are still screaming over ice cream!
- Yes, you do need business insurance if you work from home!
- Three Types of Business Development Legal Advice Your Home Business Needs This Year
- Colorado Employment Law – 4 Regulations You May be Breaking
- Contract Law: Your Checklist for Producing Strong Legal Agreements