George Basily CPA MST CGMA

08/29/2026

🚗 Driving for business? Those miles could matter at tax time.

Business-related driving may qualify for a tax deduction—but good recordkeeping is key.

Make sure you’re tracking trips such as:

✔️ Client meetings
✔️ Job-site visits
✔️ Business errands
✔️ Other qualifying business travel

Keep accurate records of your mileage, dates, destinations, and business purpose rather than trying to recreate everything at the end of the year.

Every business mile counts. Make sure you’re tracking it.

Not sure which vehicle expenses or miles may qualify? George Basily CPA can help you understand your options.

📞 732-387-2568 | 551-224-8133
🌐 www.georgebasilycpa.com

08/28/2026

08/26/2026

🍽️ Can you deduct that business meal?

A restaurant receipt alone doesn’t automatically make a meal a business deduction.

For a business meal to potentially qualify, details matter:

✔️ Business Purpose — The meal should have a legitimate business connection.
✔️ Proper Documentation — Keep the receipt and record who attended and the business purpose.
✔️ Eligible Expense — The expense must meet applicable IRS requirements.

And remember: qualifying business meals are generally 50% deductible, not 100%, though exceptions may apply.

Good records today can make tax time much easier tomorrow.

Not sure which business meal expenses qualify? George Basily CPA can help you understand the rules and keep your records on track.

📞 732-387-2568 | 551-224-8133
🌐 www.georgebasilycpa.com

08/19/2026

📅 Filed a tax extension? That doesn’t necessarily mean you have more time to pay.

One of the most common tax misconceptions is assuming that an extension to file your return also extends the deadline to pay taxes owed.

An extension generally gives you additional time to complete and file your return—not additional time to pay your tax liability.

Waiting too long to pay may result in interest and penalties.

The key takeaway?

More time to file ≠ more time to pay.

Understanding the difference can help you plan ahead and avoid costly surprises.

📞 George Basily CPA
732-387-2568 | 551-224-8133
🌐 www.georgebasilycpa.com