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Deductions & credits
Thank you for the detailed response. For education, would it not qualify since its being used both for my current position which I’ve held for a couple of years or because it can also be used for the consulting portion?
Long story short, I am providing the same field of expertise both in the public sector as well as the private consulting business. The courses I’m taking are used and applicable to both as it’s technically the same duties.
For the vehicle I think I can see how it will be easily calculated with mileage.
Since I will be starting off this late in the year, I am seeing quite a bit of upfront costs. It’s a little intimidating as I see the initial month or two being a net loss but can see next year improving and getting good cash flow.