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How to track Business Mileage

March 5, 2021 The single biggest return on your taxes out of all the Business tax deductions out there is on your Business Mileage. You can claim $1,000s of Business Mileage deduction on your taxes, and you can even claim your previous years' Business Mileage Deductions in case you haven’t done so in any of…

Top 7 Reasons to make a Driving log

March 3, 2021 1. A stitch in time saves Nine Did you know, that in case of an IRS Audit where you are required to substantiate your Mileage records, you only have 30 days to gather all the information, create a Driving log, and present it to the IRS? Many of our clients contacted us…

The Gig Economy is Evolving and so are the Tools helping them

February 28, 2021 The benefits of a Gig job are obvious, with flexibility probably being the biggest one. You can work for multiple companies at the same time, and by doing so you can optimize your working hours and your income. In today’s economic situation, the interest in taking a Gig job has only grown.…

A list of your Data that the IRS has Access To

Last updated on: January 3, 2023 Have you ever wondered what information the IRS is looking for when conducting an IRS Audit (e.g. for Mileage)? The IRS can track down your Business expenses and reconstruct your Daily Route from Parking fees, Tolls, or Vehicle inspection reports. Imagine that you are being Audited for Mileage by…

Case Study #3: Incorrectly tracked miles

May 27, 2020 The goal of our new Case Study series is to educate our users about some common tax-related topics. We wanted to start with the not-so-fortunate cases. So that we can move on to the good practices later to show how much easier it is to claim a tax deduction by keeping and/or…