Abacus CPAs April 2017
by Brenda Bilsland

If you are a self-employed individual more than likely you have spent money to make money. It's important that you keep record of those expenses so you can use them as deductions on your return.
Although we often hear driver's say " I don't spend any money out on the road". To help you determine what is tax deductible in your field, here are three questions you should ask yourself:
1.  Is it ordinary for your industry? (note: you are not just in the trucking industry, you are in the transportation and logistics industry).
2.  Is it necessary for your industry?
3.  Do you have an expense?
If you can answer yes to these three questions, more than likely the item in question will be a deduction.
Let's use fuel as an example:
1.  Is fuel ordinary for transportation? YES!
2.  Is it necessary for transportation? YES!
3.  Do you have an expense for fuel? YES!
As shown by our answers above, fuel is most definitely an example of a deduction for someone in the transportation industry.
At Abacus CPAs, LLC, we like to give you guidance so you can make smart decisions related to your business deductions . Be sure to  KEEP YOUR RECEIPTS for proof of your expense!
The 2017 per diem rate is $63 a day. As an over the road driver you can receive 80% deduction on your return for every day you are working away from your home.
Abacus CPAs, LLC is here to help you run a successful business! We would be more than happy to help you with any questions or concerns you may have. Please contact us at 417.380.5000.
by Shawn Koder
Getting notices from the IRS?
We are here to assist you in handling communication with the IRS and/or state governments. We have experience reducing and removing garnishments, setting up installment agreements, and getting you current on your tax returns. We encourage you to give us a call today and see how we can specifically help you.

On The Road Recipes!
by Cindy Abner  
Fajita Style Quesadilla

½ medium red or green sweet pepper,  seeded and cut into bite-size strips
½ medium onion, halved and thinly sliced
1 fresh serrano pepper, halved, seeded, and cut into thin strips (wear plastic/rubber gloves) or use a milder pepper with less heat
2 Teaspoons vegetable oil
4 - 6" white corn or flour tortillas
Nonstick cooking spray
½ Cup shredded Monterey Jack cheese
2 thin slices of tomato, halved crosswise
1 Tablespoon fresh cilantro
Light sour cream
Lime wedges
In an electric skillet cook peppers and onion in hot oil over med-high heat 3-5 minutes until vegetables are tender.  Remove from heat.
Lightly coat one side of each tortilla with cooking spray.  On the uncoated side of 2 tortillas, divide half the cheese. Top with onion/peppers, tomato slices, 1 TBLS of cilantro and remaining cheese. Top with other 2 tortillas, coated sides up.
Put electric skillet on medium heat. Cook quesadillas for 4-5 minutes per side or until cheese melts and it is lightly browned. Cut each into 4 wedges and serve warm with sour cream, additional cilantro and lime wedges, if desired.
Add cooked beans, chicken, shrimp, or beef for a heartier meal.  

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 You can also find helpful information at
Cindy's Corner 
Tips from a former driver!

 "April showers, bring May flowers".
Since April may be full of showers, here are some tips!
Stay off cruise control unless roads are completely dry and the wind is at a minimum.  Too many accidents happen with our drivers because they were on their cruise control in adverse conditions.
Don't skimp on your windshield wipers! "You get what you pay for" rings true when it comes to windshield wipers.  The cheaper ones just don't hold up, especially if you used them on ice and snow the past winter.
Check your tires! Winter roads can be extremely wearing on them.  Between potholes and water on the roads from rain and storms, there is high potential of damage and hydroplaning.
Slow down on wet roads!  They can double your stopping distance and it's hard to turn without skidding.  Even a little water and speeds as low as 30 mph can cause you to hydroplane.
As always, stay safe and have a Happy Easter!
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