Remember 53.5-Cents If You Want To Make Money In 2017

Many field service representatives under-price the inspection and property preservation tasks they perform. The IRS wants you to make more money in 2017 so that you can pay more taxes. I love paying more taxes as long as I am making more money.

The IRS also says that you have business expenses while in the process of making money. The IRS says it costs independent contractors 53.5-cents per mile to operate their vehicle in 2017. It’s an average. You can use actual expenses if the 53.5-cents does not fit your cost to operate your vehicle. It costs much more to operate a Ford F-350 truck than a Toyota Prius.

BEFORE you accept a task, always price the work using a time and material analysis. Be sure to include the cost of operating your vehicle. Remember 53.5-cents per mile for 2017.