Last updated on October 24, 2023 Tracking mileage for business purposes is crucial for accurately claiming tax deductions. It helps you offset the costs of using your vehicle for work-related activities. While there are multiple methods to track mileage, an automatic mileage tracker app offers several advantages over traditional techniques like manual logging or a…
Last updated: November 14, 2023 Attention all industrious freelancers, spirited entrepreneurs, committed small business owners, and relentless gig workers - this one's for you! Ever had the nagging feeling that your vehicle's mileage is running wild like a mustang in an open field, with you trying to lasso it with a frayed rope? Well, it's…
July 19, 2023 Listen up, folks! If you're a small business owner, freelancer, or part of the rapidly growing gig economy, then the art of calculating mileage for taxes is a tune you'll want to whistle. Why? Because it's a legitimate way to shave dollars off your tax bill. And let's face it, who doesn't…
Last updated on October 24, 2023 Picture this: you're a go-getter, a trailblazer, a self-made entrepreneur constantly on the move. It's your usual crazy Monday, and it dawns on you that you've hopped between client meetings, lunch dates, and supply runs without keeping track of your miles. Oh snap!, you think, How on earth am…
Last updated: April 23, 2024Understanding and managing gas mileage costs effectively is essential for anyone who drives for business purposes. The IRS provides specific gas mileage rates intended to simplify your tax deductions related to vehicle operation costs. In this comprehensive guide, we explore the IRS gas mileage rates and reimbursement policies for different employment…