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

The Ultimate Tax Preparation Checklist for 2025

Last Updated: February 3, 2025  Whether you're a seasoned filer or a first-timer, the thought of tax season often brings a mix of apprehension and uncertainty. But fear not! This comprehensive guide is your beacon through the maze of tax codes and IRS guidelines. We're not just going to walk you through the essentials of…

Maximizing Your Deductions: A Guide to the IRS Mileage Log

Last Updated: December 2, 2024Welcome to the world of mileage tracking - a crucial aspect for anyone seeking to optimize their tax deductions. Whether you're a freelancer, a small business owner, or an employee with work-related travel, understanding how to accurately log your miles for IRS purposes is essential. This comprehensive guide is your roadmap…

10+1 Best Small Business Tax Tips

Taxes can be overwhelming for small business owners, but smart planning can save you thousands. Whether you're a freelancer, LLC owner, or running a side hustle, understanding small business tax tips can help you maximize deductions, reduce taxable income, and stay compliant with the IRS.In this guide, you'll find practical tax-saving strategies, must-know deductions, bookkeeping…

Mastering Mileage Reports: A Comprehensive Guide

For professionals who spend a significant amount of time on the road, whether for sales, services, or self-employment, mastering the art of mileage reporting is not just a matter of compliance—it's a strategic approach to financial management. Here's a detailed guide to help you navigate through the nuances of mileage logs and how tools like…

IRS Audit Triggers: How MileageWise Helps Staying Compliant

Last Updated: March 3, 2025Common IRS audit triggers include unreported income, claiming large deductions compared to your income, and reporting high self-employment income or expenses. Other red flags that may trigger an IRS audit are taking the home office deduction, running a cash-based business, dealing with cryptocurrency or foreign accounts, and making noticeable errors or inconsistencies on your tax return. In this article, we'll explore key IRS…