Business Vehicle Expenses – The Burns Firm – Advisors of Complex Financial Matters

Follow Detailed Recordkeeping Rules for Vehicle Expense Deductions

October 15th, 2026|Categories: Accountant, accountant near me, Bookkeeping for Business, Burns Firm, Business Automobile, Business Deductions, Business Expense Deductions, Business Mileage Rate, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm, Vehicle Expenses|Tags: Business Vehicle Expense Deductions, Business Vehicle Expenses, CPA, cpa near me, Dallas CPA, IRS Rules for Tracking Business Miles, Mileage Logs, Recordkeeping for Businesses, tax, tax accountant, tax advisor, Texas CPA|

Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask for mileage logs if [...]

What’s Your Potential Business Vehicle Deduction?

March 12th, 2026|Categories: Accountant, accountant near me, Accounting, Business, Business Deductions, Business Expense Deductions, Business Vehicle, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm, Vehicle Deductions|Tags: business expenses, Business Vehicle Deductions, Business Vehicle Expenses, CPA, cpa near me, Dallas CPA, tax, tax accountant, tax advisor, Texas CPA, The Burns Firm, Vehicle Deductions|

If you used one or more vehicles in your business during 2025, you may be eligible for valuable tax deductions on your 2025 income tax return. Businesses can generally [...]

Updated Guidance on Business Vehicle Depreciation

May 9th, 2024|Categories: Accountant, Bonus Depreciation, Burns Firm, Business, Business Expense Deductions, Business Vehicle, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Sec. 179, Services, Tax, Tax Advisor, Tax Basis, Tax Depreciation, The Burns Firm|Tags: business vehicle depreciation, Business Vehicle Expenses, cpa near me, Dallas CPA, Depreciation on Business Vehicle, sec 179, Sec. 179 Deduction vs. Bonus Depreciation, tax, tax advisor, Texas CPA, The Burns Firm|

The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. In addition, annual inflation adjustments make allowable depreciation [...]