Over the years, businesses have become accustomed to the benefits of deducting its business-related meals and entertainment expenses. However, the Tax Cuts and Jobs Act of 2017 enacted changes to the deductibility of qualified meals and entertainment that each business should take note of. To maximize taxes deductions and save time on tax planning of your 2018 taxation statements, Doeren Mayhew suggests updating your present ledger with independent makes up about business foods (50 percent deductible), entertainment (nondeductible), and recreational/social employee expenditures (completely deductible). Still have questions about meals and entertainment deductions? Contact the tax advisors at Doeren Mayhew. Want to reach the writer?
Make sure you get a voucher or verification from your travel agent before departing. The document will include the motor-car rental company name, type of car requested, confirmation number, date, and flight information. If the automobile local rental firm is sited outside the airport, a contact number for the car pick-up should be provided. And, don’t forget to notify any cancellations to the business.
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Once you reach the car-rental counter-top, provide your verification number, voucher, and credit card, if required. The client service agent will direct you to the accepted place, where you can grab your car, once the formalities completed. Read your contract before you signal it carefully. Also, it is important to examine the car for the mileage information and any damage.
Rates are mainly based on a 24-hour period, usually with a one-hour sophistication period to come back the car. 15 each hour and the hourly car rental rates are usually higher. So, if you keep the car for further than four hours after it was due back at the rental firm, for another day it will probably be worth extending the contract. Also, that weekend special offers can be applied only during particular schedules retain in brain.
Therefore, keeping the car with you beyond that point may change the rental rate. Remember to read your rental agreement carefully and ask questions to the automobile rental agent and to your travel agent if you aren’t sure about any particular thing. The policies discussed can vary greatly among locations and companies above.
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