Ah, the open road! The symbol of freedom, the pathway to adventure, and for some of us – an unexpected tax deduction. Yes, you heard that right, fellow entrepreneurs, gig workers, and freelancers. Your miles can literally save you money. And no, it's not some kind of rocket science – it's all about the mileage…
Last Updated: October 7, 2024Well, tickle me pink, isn't it just the pits when you're up to your ears in running a small business, and then you discover you have to keep a small business mileage log? It's as welcome as a skunk at a lawn party, right?""Hold your horses!" you say. "I've got better…
May 31, 2023MileageWise is here to help you keep track of your vehicle expenses in the most efficient and accurate way. To help you better understand how our system works, we've prepared two mileage log samples that showcase both the standard mileage rate and the actual expense methods.These two samples illustrate the different ways MileageWise…
Last updated on October 24, 2023 Let's dive straight into the nitty-gritty. The task of meticulously tracking business mileage for tax deductions is as monotonous as watching paint dry. Manually scribbling down odometer readings, and flipping through tattered paper logs – it’s tedious, to say the least. Enter the Electronic Mileage Log, the game-changing savior…
Last Updated: May 22, 2024Picture this: You’re a hard-working freelancer, a budding entrepreneur, or an on-the-go gig worker, and your vehicle is as much a part of your work life as your laptop or your toolbox. But did you know that your trusty four-wheeled companion could be a hidden source of tax deductions?Buckle up, folks,…