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Re: Business Tax Question

From:
Remote Name: 65.144.102.223
Date: 27 Dec 2004
Time: 18:06:17

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From: Jake Brake
Remote Name: 216.41.233.28
Date: 30 Jan 2003
Time: 11:49:58

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Dear eaglesnest, Why would you go on a trucking board and ask a tax question? I will answer what I know. I do not know the difference between a perdium and stipend. Ask your accountant. Perdiums are compensation from a company to an employee for travel expenses. A company can utilize perdiums for tax purposes. If you are a owner of a company you can deduct meals,lodging and auto expenses anyway for tax purposes so creating a perdium seems mute. Cigarettes do not qualify...sorry. If you are incorporated and a employee of the corporation you could create a perdium but why? If you are not incorporated and considered a employee of the company you cannot. This field is not my expertise by any means. You need to talk to your accountant to really be sure. Hope I helped