Archive for the ‘Budgets’ Category

How Can I Deduct Rental Car Costs On My Income Tax?

Thursday, March 18th, 2010

One of the popular questions asked related to tax is “Can I deduct rental car costs on my income tax?”. Many countries impose massive taxes on rental cars. Rental car companies are becoming more infuriated with the increasing taxes imposed on their clients.

Unfortunately, it is not easy to avoid these taxes, according to the Coalition Against Discriminatory Car Rental Excise Taxes. In 43 of the United States of America, there are a total of 114 different local and state excise taxes for leasing and or renting cars. In the 1990s, there were only fourteen such taxes. The CADCRET was formed in order to track and fight the proliferation of taxes.

Residents of Maine blocked a new state tax-reform law that proposed a 10-12,5% increase in car rentals. The petition managed to put the increase on hold for a while at least. This is a great relief for business travelers in particular as well as rental car companies and corporate travel departments.

Some cities charge as much as 20% in car rental taxes and cost Fortune 100 companies upwards of $5 million per year.

Taxes are imposed in order for cities to close gaps within their budgets. This has not made the car hire companies excited at all. They do not want to be associated with tax collection and they have to charge higher prices to accommodate the taxes. Subconsciously clients blame the care and truck rental companies for this. 36 months ago 8 rental brands and the National Business Travel Association formed a group to lobby against the taxes. They also took it upon themselves to provide education for consumers.

In New Jersey there is tax reform passed that permits municipalities to impose 5 % excise tax when people rent cars. As it is car renters already pay a whopping $5 daily in the form of sales tax and state tax.

Don’t rent a car in Wisconsin as you will be expected to pay $18 every time you rent a vehicle. The money from this tax is supposedly used to assist in the funding of a mass- transit project. This would translate to a tax increase of in excess of seventy percent in Milwaukee, Kenosha and Racine.

The lobbyist group also reports that in Michigan there is pending legislation that will, if passed increase taxes by a further $2.50 per transaction.

In order to find funding for rail projects in Florida. The people responsible for the law are fighting to increase the taxes by a further $2.00. This would mean the tax increases by 50!

The general consensus of these people who make the laws is that this tax is necessary and understandable. These sentiments receive fierce opposition for the coalition.

The recession has hit the states in America in a big way and the deficits in state coffers is horrendous to say the least.

It appears there is misappropriation of funds as when a project is complete then the money is used elsewhere. This explains some of the reasons that car renters are asking, “can I deduct car rental costs on my income tax?

Discount Car Australia offers everyday low rates, long-term Sydney car hire and one way car hire. Rental car classes include large corporate car rental, economy car rental, pickup truck rental.

Aim High For Your Business With Joint Venture Marketing

Tuesday, March 16th, 2010

A marketing budget is a big expense to small business owners, and often one of the first to go when times get tight. But, without marketing, sales suffer, and the cycle continues. One way to dream big even when times are tough is to take advantage of joint venture opportunities.

To be specific, a joint venture is when two or more business owners plan to contribute collectively toward a project that will benefit them all. In English, this means that small business owners have the opportunity to contribute toward a goal that everyone will benefit from. Many joint ventures are as simple as cross promoting each other’s products, but the concept works equally well on a complicated collaboration such as a consolidated weekend event.

Anyone involved in a joint venture will benefit regardless of the complexity. First, is your chance to create more power from your marketing budget. When you are not footing the entire bill, you might be able to afford advertising on radio or TV where in the past you were limited to print. Not to mention that everyone’s sales force is expanded by the other participant’s customers and contacts.

New business owners really benefit from choosing the right strategic business partners because they can establish their credibility very rapidly. If you choose successful joint venture partners, your credibility will grow rapidly as people perceive you to be similar to those you associate with. And the added bonus is that by taking advantage of these successful business owner’s skills and knowledge, you will bypass many of the mistakes a new small business owner might make along the way.

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You can dream as big as you want by taking advantage of joint venture marketing. No goal is out of reach once you have found the right partners to make it happen. Joint venture marketing is creating successful small business owners every day, even though economic times are tough. Yours will too when you seek out the ideal joint venture partners to meet your objectives.

Marty Dickinson has been an small business owner and founder of HereNextYear.com for over a decade, and loves to share small business success strategies with other business owners. Get your free white paper: “7 Ways Your Stone-Age Accounting System is Stealing Money From You Every Day … And, How to Get it Back This Year” and learn about an online accounting program that makes it simple to track the success of your joint venture marketing.

Top Tips On Affordable Car Rentals

Saturday, March 13th, 2010

So you are looking for a car rental but are a little concerned about spending too much money. You wish there was a guide to help you through the process, one that would ensure that you don’t spend too much. Well, you have finally landed on just that the following are the key points of car hire that everyone who is renting a vehicle needs to know.

1. There’s Always A Discount Rate- Several individuals will assure you there are zero discount rates to be offered in the automobile hire industry. This is plainly not the truth. Although a lot of companies are keeping their rates stabilized during this economical downswing, you would discover that you will be able to ascertain internet discounts as well as promotional codes upon the internet. You will be able to likewise inquire about the specials companies are extending or discount rates that they have forthcoming to assist with more savings.

2. Keep An Eye On The Milage- Several companies do not attain a lot of profit on their basic fees, therefore they lean towards makeing it up in charging for mileage or overages in miles that could amount to quite a morsel of additional charges. As an alternative choose to rent automobiles that may cost a bit more however come with limitless mileage, this will end up preserving you several of your hard earned dollars.

3. Know That You Are Covered- You need not purchase insurance through the rental agency if you are covered by your credit card, car insurance or both. Looking at your insurance options in advance is a good way to save yourself some money on the insurance, as well as if something happens to the vehicle.

4. Don’t Be Stubborn To One Date- possibly the greatest significance to acquiring the finest conceivable bargain on your automobile rental is to be negotiable. By altering the weeks, dates and times of your rental, you will be able to really save quite a sum of money. If size isn’t a matter, attempt being compromising in that area also, since automobile hire agencies would like to rent every last car, a more, less traveled size could really be less pricey to rent.

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