Earn Over $200 an Hour by Tracking Your Business Automobile Mileage
If you are self-employed and use your automobile for business, keeping a mileage log might be the most profitable use of your time all year. I know that sounds outrageous, but it is often true. Many, if not most self-employed people find keeping track of the business use of their vehicle to be an annoyance and they just don’t do it. After all, the need for a mileage log only arises at tax time, so it isn’t on our mind all year.
How much is your time worth? Most of us think our time is too valuable to spend recording our business mileage in a log book every time we get in the car for business purposes. But I’m going to convince you otherwise.
First I’m going to make some assumptions. I’ll assume that as a self-employed person you file your taxes on a Schedule C as a sole proprietor, thereby subjecting your business income to the self-employment tax at 15.3%. Next I’ll assume you are in the 25% marginal tax bracket. That is, for each additional dollar you earn you pay 25 cents in federal income tax.
For purposes of this example, I’m going to assume that you drive about 8,000 miles per year for business purposes. That means driving to clients, to vendors,to the office supply store, to the post office, etc. The standard deduction allowed by the IRS for business use of your automobile has been hovering around 50 cents per mile in recent years. As I write this, the allowable deduction is 55 cents per mile. For 8,000 miles, that gives you a deduction of $4,400 against your business income. Since you are paying tax at a rate of 40.3% (15.3% self-employment tax + 25% federal income tax), that $4,400 deduction will reduce your tax bill by $1,773! Read more
Shopping For a Brand New Automobile
A good number of people who don’t have an interest in cars have the same problem in common: they are afraid when it comes to buying a new car of their own. It make sense though as the lack of experience with cars can quickly leave you with a big hole in your bank account as well a metal ornament for your drive way.
Compared to used cars, purchasing a new one is probably the safest route one can take if prior experience in car-buying is zero. The bad side of buying used cars is that you can easily be swindled and over-pay for something much less than its perceived value. What’s more, you may end up with a huge repair bill shortly thereafter. When purchasing a new car, the first step a beginner should take is to do some quality research on the particular vehicle that she is after, whether online or through trade magazines. Read more
A Short Discussion on Custom Wheels
These days you can find custom wheels about anywhere. You can also find them on about any kind of car, truck, van, and SUV. There are many ways to go about getting custom wheels for your automobile. You can order them online. This allows you to get about anything you would want. You can also call your local dealership and get your new wheels through them. What ever you decide to get, you will know you are going to get looked at.
Most competition enthusiasts are always looking to customize their vehicle. They participate in car show to get their vehicle looked at and in some cases to sell it. Getting new rims will up the value considerably. There are cases that you just need the manufactures rim to replace a broken or damaged one.
When you are thinking about racing or simply driving the automobile there are some things you need to consider before buying rims and tires. Weight and width are big things when you are considering new rims. Being that the rim is to skinny you won’t be able to grab traction like you are supposed to. Gas mileage is on everyone’s mind. If the tires and rims are too big you will see a change in how much gas you use. Read more
Selecting the Right Windscreen Wipers
Most of us might be familiar with windscreen wipers. Ironically, most of us might be unfamiliar with selecting a new replacement windshield wiper for our car. The basic problem lies in our reasoning – do not consider these as accessories that are meant to “wipe the glass”. Here is a little experiment that can be conducted to realize the uniqueness associated with these products. The next time it is raining, try to drive the vehicle without enabling these accessories. Within minutes, you will realize that you are literally blinded from the obstacles present in front of the vehicle.
The primary objective associated with these windscreen wipers is simple – to clear the windshield of those agents that cause visibility problems. Visibility problems can materialize in the form of rainwater or dirt or even bird droppings. Just like any other mechanical device, the wipers might be subjected to wear and tear over the years with consistent usage. Primarily, windshield wipers consist of high-grade rubber fittings that will aid in clearing the screen. With the passage of time, the rubber fitting will lose its efficiency, and cracks will develop on the surface of the rubber fittings. If a damaged wiper is engaged repeatedly, it will induce even more damage to the wiper. Read more
How to Get the Discount Out of a Discount Car Rental
1.A good way to essentially, get a discount car rental is to, once you return the car, fill the tank with the cheapest no-name gas you could find, not for revenge or anything, but because car rental companies, require customers to fill the gas tank before returning it, and it you don’t they’ll fill it for you with the company pump but at a higher price, now we don’t want that, so be sure to fill your tank before you return the car.
2.To get the discount off of discount car rental, make early reservations, some car rental companies give discounts or free upgrades for customers who reserve their cars early. Read more
Warranties
Automobile warranties are a great investment to make. We all know that sometimes our automobiles can break down at any time. Automobile repairs can be very serious and can require hundreds, or even thousands of dollars to pay for them. In today’s economy many Americans cannot afford to make the necessary car repairs for their automobiles because of the immense repair costs.
Getting a warranty on your automobile can protect you from having to pay most, or if not all of your necessary automobile repair costs. You can obtain an automobile warranty through your automobile’s manufacturer, or you can ask your local car dealership about warranties. Most new automobiles come with some type of automobile warranty called a factory warranty, but you can always purchase an extended warranty when your current automobile warranty expires. Read more
Looking to Buy your Dream Car?
Most of the people in our society will be vehicle lovers and they dream always to buy their favorite cars. After years of hard working, they want to buy a car with saved money. In the process of buy a new car or used car, need to maintain careful attention, such as most of the people don’t know the scams that dealerships pull in order to make a sale.
To help you in your quest for the car of your dreams, here are five tips to remember when searching.
First, do the research as much as you can about brands, new launches and market trends before purchasing because Indian automobile industry changed a lot from the past few years. Look around websites and check the reviews of cars (you can find the small car reviews, luxury car reviews in online). Along with this, there is a best source to know about the cars is car buying guides. Read more
