Posted by Steve B (MA) on December 28, 1998 at 22:50:47:
Sam,
For 7 years I worked for a investment company as a subcontractor and recently just started my own LLC. The one thing I would strongly recommend is finding an accountant who fully understands the expenses that can be deducted for your business.
Although I understood the basics of doing my own taxes and read many books, the money I paid each year to my accountant was only a small percentage of the expenses and deductions he found for me each year.
Although this is my first year of my LLC, my understanding is that mileage and all business related expenses are deductible.
Again, there probably are a lot of books to read up on, but I would strongly recommend working with an accountant who can help you to achieve the best tax advantages for your situation.
Steve B (MA)