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Best Apps to Keep Track of Mileage

Last updated on October 18, 2023  How to keep track of mileage for taxes This question keeps popping up among those who drive a vehicle for business trips and plan to file business mileage tax deductions to the IRS to write off their car-related business expenses after each tax year. It would be easier to…

IRS Compliant Mileage Log

Last updated: February 2, 2024  When it comes to staying on top of your tax returns as a self-employed person or a small business owner, keeping adequate records of your mileage is paramount. Stock advisors and accountants the world over know that advising their clients about how to follow the IRS’s requirements is a crucial…

MileIQ Alternatives for Mileage Tracking

Last updated on September 15, 2023  Mile IQ Alternatives for Mileage Tracking Up until relatively recently, many consumers who had purchased Microsoft’s 365 Business package were given MileIQ’s mileage tracker as part of a bundle – this app allowed many self-employed people and small business owners access to an app to track miles. On the…

IRS Standard Mileage Rates 2023 & 2024

Last updated on: April 23, 2024The Internal Revenue Service (IRS) has announced another increase in mileage rates for 2024 for driving a car for business, medical, and moving purposes. The new IRS Standard Mileage Rates are in effect from Jan 1, 2024.IRS Standard Mileage Rates in effect from Jan 1, 2024:67 cents per mile for…

What To Do Before An IRS-Audit For Business Miles?

Oct 20, 2021 When you are audited by the IRS for mileage, you will be contacted mostly by mail, and you will have 30 days to reply. If the IRS did not accept the Mileage Log you submitted, you must prepare new documents. Whether you are a Small Business Owner, Self-Employed, or the automobile is…