Oct 22, 2021We proudly announce that MileageWise has Teamed Up with FreshBooks, which is The #1 Accounting Software out there, with more than 24 Million Users Worldwide. FreshBooks is exclusively designed for Small Business Owners, Self-Employed Professionals, and their teams for Sending Invoices, Tracking Expenses and Time spent on projects, as well as Managing All…
Oct 17, 2021Both the number of IRS auditors and audits are going to increase in the future, as well as the taxes. Moreover, if you make a mistake in your mileage log, you can get penalized for it. What if you had a bulletproof tool in your inventory to defend your business? Automation is the…
October 14, 2021The IRS will bring in much more revenue if Congress agrees to the Biden administration’s request to increase the agency’s budget over the next decade.Will it increase the number of IRS audits? How is it going to affect your financial status?Officers ReinforcedIn a report issued recently, the Congressional Budget Office stated that the…
Last updated: January 6th, 2025Did you know that American taxpayers fell short of $1 billion in refunds because they didn't file their tax returns for the year 2020? If you drive a car for a business purpose, there’s a good chance you are eligible for a mileage tax deduction on your federal income tax return,…
May 31, 2021A recent article in Forbes summarized a lot of our thoughts on IRS Audits. We would like to take the chance and publish it without amendments.According to the Internal Revenue Service (IRS), about 850,000 tax returns were audited for 2015, which was the most recent year for which it’s published data. That is about…