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

3 Challenges of Tracking Mileage For Your Employees

Mileage tracking is a challenge for companies with a mobile workforce. Travel expense fraud is quite common, and some employees exploit the system for personal gain.In addition to financial loss, there are compliance and tax implications to consider. Authority audits could lead to penalties.Finally, an administrative cost in the form of lost time also impacts…

Why Small Business Owners Need A Mileage Logger App

As a small business owner, you understand the importance of keeping meticulous records, especially when it comes to tracking mileage for business purposes. Whether it's for maintaining a detailed mileage log book for taxes or leveraging a mileage tracking app for business efficiency, the right tools can save you both time and money. Let's dive…

Why should I track my mileage?

Last Updated: November 4, 2024In today's fast-paced world, where every penny and minute count, understanding the importance of tracking your vehicle's mileage is more crucial than ever. Whether you're a small business owner, a freelancer, or someone who just wants to manage their vehicle expenses effectively, mileage tracking offers a myriad of benefits. This guide…

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…