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The Ultimate Guide to Expensing Mileage in 2024

November 27, 2023  Whether you're a freelancer, a small business owner, or an employee who frequently travels for work, understanding the ins and outs of expensing mileage is crucial. This guide is tailored for anyone who needs clarity on mileage allowance, reimbursement for mileage, and how to efficiently track and claim these expenses. The Significance…

Leveraging the Standard Mileage Deduction for Your Business

Last updated on October 18, 2023  So, you, as small business owners, freelancers, and gig workers, have been clocking up miles relentlessly for your entrepreneurial ventures, side hustles, or freelance missions. It's high time that hard work paid off, wouldn't you agree? What if we told you there's a financial gem hidden in those miles,…

The Guide to Mileage Tax Deduction: Your Way to Tax Savings

Last updated on April 19, 2024 Well, hello there, savvy business owner, freelancer, or gig worker! Ever felt like you're shelling out too much on taxes? Have you ever gazed at your vehicle and thought, "Hey, can't I get a tax break for all the miles I've clocked for work?" If so, you'll want to…

What you should do if you forgot to track your mileage

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…

Mileage Logs for Real Estate Agents

Last updated on: May, 2024As a realtor, using your vehicle for business purposes uses up a huge amount of your miles. Regardless of whether you are driving a potential future homeowner to 5 different locations on a Sunday or going to get snacks for your open house, these trips will all be tax-deductible for you…