Wear and Tear
Wear and tear. The progressive damage caused by repetitive movements. This is not the main topic of Doug McGuff’s talk here but it is one that is really important to me now. I’m 41 and being injury free is now very important. Professionally I can’t afford days off right now. Yet I sometimes think that some of my training over the years how damaged me rather than protected me.
I don’t want to get all wimpy and scared of movement, but I do want to be aware of the positive and negatives.
May 26th, 2009 at 3:16 am
Wear & Tear?
I know that the national rate for wear & tear on a vehicle is 44.5 cents per mile. I was wondering if payment for gas is also included in the 44.5 cents or is a business also required to pay all gas receipts as well?
May 26th, 2009 at 8:18 am
umm what?
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May 26th, 2009 at 8:20 am
Beats the hell out of me
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May 26th, 2009 at 8:22 am
I wear and tear p*ssys
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May 26th, 2009 at 8:24 am
A business is not *required* to pay you anything. Most have mileage policies for the use of personal vehicles in the performance of business related activities. These policies will differ from company to company.
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May 26th, 2009 at 8:26 am
I believe that gas is included in the 44.5
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May 26th, 2009 at 8:28 am
No, wear and tear does not cover gas.
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A friend in the automotive rental bussiness.
May 26th, 2009 at 8:30 am
Yes, that rate cover gas too.
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May 26th, 2009 at 8:32 am
It really depends on how you associate buisiness. If it is your buisiness and you are writing off the vehicle depritiation by the mile on your buisiness tax return , I stongly advise you to keep your reciepts . If you are trying to collect a vehicle allowance from a company that you work for but do not own , when you are paid your $0.44 a mile , that's it! you have no tax write off after that . Basically you've already been paid. Now… If you use your vehicle for work at a company you do not own and do not recieve a vehicle allowance you can claim that on your taxes but I would still save those reciepts in case of an audit or some crap. And Yes it is supposed to cover all expenses per mile , but we all know it's not enough.
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Personal life experience.