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OT: Quarterly Taxes
#11
(06-24-2025, 09:02 AM)Bunsen82 Wrote: Just for clarification,  anytime you take an uber or taxi you would not calculate mileage on that.  That would be considered either a taxi expense  or contract labor expense.  Mileage expense on a vehicle basically covers the expenses of your vehicle including license, insurance, fuel and repairs.  You can discuss with your accountant on whether they would take depreciation on the vehicle or not or just the mileage expense.  

Categories of expenses -  accounting, advertising, bad debts, bank charges, contract labor, freight, dues and subscriptions, insurance (liability), interest on business loan or building, legal, office, mileage, postage, rent, repairs, supplies, telephone, travel,  meals at 50%, uniforms or clothing expense, wages for labor.   You would then have any small tools or equipment under $250 or $2500 if you take the de minimus election.   Then any larger pieces of equipment depreciated.  For you your computer, if you purchase a phone, if you don't have a dedicated line part of your phone bill.  You would need to consider if you qualify for a home office deduction,  if not if you use part of the home but don't qualify for home office,  utilizing a % of utilities, real estate taxes,  home mortgage, home insurance could be considered.

I’m driving for Uber while I try to land my next IT gig. Maybe I should have lead with that. 

This could all be moot as I just had a second interview yesterday that seemed really promising.
“Hell is empty and all the devils are here”

Shakespeare 
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