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IRS Increases Business Mileage Rate

June 10, 2022 The IRS has just announced a mid-year business mileage rate adjustment for the final 6 months of 2022. The new federal business mileage rate will be 62.5 cents per mile, which is a 4-cent increase from the rate of 58.5 cents that will be in force until June 31, 2022. Why is…

MileIQ: A Comprehensive Overview

Last updated on November 15, 2022 MileIQ is one of the most downloaded mileage tracker apps you can find on the market. It gained most of its popularity via being a part of Microsoft’s 365 subscriptions. It has its pros and cons, we’ll go through them in this article. “Is it worth it to track…

Best Apps to Keep Track of Mileage

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 in order to write off their car-related business expenses after each tax year. It would be easier to start with “how not…

IRS Compliant Mileage Log

Last updated on: January 2, 2023 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…

Less commuting means a better Business-Personal trip ratio

Last updated on: Jan 3, 2023 A great number of companies have decided that the safest thing to do during a pandemic is to send their employees home, to work from there. Remote working has its pros and cons, but one thing is for sure when it comes to mileage: it greatly reduces commuting miles,…