MileageWise BlogTips, tricks, information about mileage logging straight from the CEO

Company Mileage Reimbursement – Explained

April 7, 2021 Small 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 they are…

IRS Fines and Penalties for Insufficient Mileage Documentation – Explained

March 18, 2021 In our experience the following types are common among Taxpayers: Taxpayers who do not have Mileage logs despite the fact that they have claimed Business Mileage Deduction on their taxes in the previous tax years; Taxpayers who  only recorded their Business miles but not their Personal ones; And Taxpayers who thought that…

A new Dynamite Duo on the Mileage Logging Market

March 9, 2021 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 are able to claim Mileage for 3 years retrospectively) Retrospective Mileage Recovery is a…

What you should do if you forgot to track your Mileage

March 8, 2021 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 log for…

How to track Business Mileage

March 5, 2021 The single biggest return on your taxes out of all the Business tax deductions out there is on your Business Mileage. You can claim an average of $12,000 Business Mileage deduction on your taxes, and you can even claim your previous years’ Business Mileage Deductions in case you haven’t done so in…