Last updated on: January 6, 2022It is not widely known what information the IRS has access to in general and what information they are looking for when conducting an IRS Audit (e.g. Mileage). Yet it is worth knowing that the IRS can track down Business expenses and is able to reconstruct a taxpayer's Daily Route…
April 22, 2021Under President Joe Biden’s new proposed tax plan tax rates for individuals whose income is $400,000 and higher would increase while corporations would also be subject to a new minimum tax on book income. The Social Security tax would be extended to higher income levels and the estate tax exemption would be reduced…
Last Updated: January 6, 2025As your business grows, you might find it hard to manage tasks. Many employers struggle with company mileage reimbursement. However, helps employees stay compliant and fairly compensates them.In this article, we'll explain company mileage reimbursement laws. Also, we'll show how to use mileage reimbursement programs. By the end, you'll know how…
Last updated on December 14, 2023MileageWise 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 can claim Mileage for 3 years retrospectively) Retrospective Mileage Recovery is a game…
Last updated: April 25, 2023 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…