Last updated: May 28, 2024In today's fast-paced business environment, keeping accurate mileage logs is crucial for businesses and self-employed individuals alike. These logs are essential for tax deductions, reimbursements, and regulatory compliance. Traditional mileage logging methods, however, often present significant challenges such as manual entry errors and time-consuming processes. Even with the advent of mileage…
April 22, 2021Under President Joe Biden’s new proposed tax plan tax rates for individuals whose income is $400,000 and higher would increase while corporations would also be subject to a new minimum tax on book income. The Social Security tax would be extended to higher income levels and the estate tax exemption would be reduced…
Last updated on: October 18, 2023Small business owners and entrepreneurs alike often find themselves in the situation of having too much on their plate. That is usually a good thing, as it means their business is gradually expanding. There comes a time when they have to start outsourcing tasks that are, of course, necessary, but…
Last updated on December 14, 2023 MileageWise Inc. offers quite a unique approach to Mileage logging especially when it comes to Past Mileage Recovery. Whether you are facing an unexpected IRS Audit or just want to claim Past Mileage on your taxes (as you can claim Mileage for 3 years retrospectively) Retrospective Mileage Recovery is…
Last updated: April 25, 2023 Many drivers forget to track their business miles, while others simply don't have the faintest idea of what to record. If you don't have a clue what you are doing, mileage tracking can be a terrible experience. Since mileage is deductible, it’s important to track miles and keep a driving…