MileageWise Blog

small business

young woman starts a small business

First-Hand Tips to Start a Small Business in 2025

Starting a small business can feel overwhelming, but it doesn’t have to be. You don’t need a degree, a huge budget, or even a perfect plan. Just an idea and the willingness to take action. Johanna Park, a successful small business owner, shares her experience in five simple stages, and we’re here to walk you through them. Image by senivpetro on Freepik Table of Contents Stage 1: The Idea Stage – Find Your Business Idea Every successful business starts with a solid idea. But how do you find one? Look

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small business budgeting tips

Small Business Budget: Where to Spend and Where to Save

Creating a smart small business budget is essential for long-term success. Managing finances wisely helps business owners save money, improve, and invest. While some expenses are unavoidable, others can be trimmed without harming operations. The key is knowing where to spend and where to cut costs while keeping the business efficient. Continue reading for tips! Image by gpstudio Freepik Table of Contents Where to Spend: Smart Investments for Growth Accounting, Tax Compliance & Mileage Tracking A well-planned small business budget starts with accurate financial management. Poor bookkeeping and tax mistakes

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businessman wondering How to File Small Business Taxes for the First Time

How to File Small Business Taxes for the First Time

Filing small business taxes for the first time can feel overwhelming. But, with the right guidance, you can navigate it smoothly. We will guide you through everything you need to know, making it easy to follow. Maximize Tax Deductions With Mileage Tracking MileageWise: Tracks trips automatically via vehicle movement, Bluetooth, and Plug’N’Go without draining your battery. AI-Powered Mileage Recovery: The AI Wizard helps reconstruct past mileage logs, filling gaps in your log to ensure compliance. Built-in IRS Auditor: Checks and corrects up to 70 logical errors in logs, ensuring they meet IRS standards

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why small businesses fail begs the question after looking a broken down storefront

4 Reasons Why Small Businesses Fail And How To Avoid Them

Why do so many small businesses fail? The truth is sobering: 50% of small businesses don’t make it past their fifth year. From cash flow issues to poor customer understanding, many pitfalls can derail even the most passionate entrepreneurs. But failure isn’t inevitable. By identifying the key reasons businesses struggle and addressing them head-on, you can set your business on a path to success. Ready to find out how? Let’s dive into the top 10 reasons small businesses fail and how to avoid them. Try MileageWise for free for 14

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image representing idons for medical expenses and deductions symbolizing Can Sole Proprietor Deduct Medical Expenses

Can Sole Proprietor Deduct Medical Expenses?

As a sole proprietor, understanding what you can and cannot deduct on your taxes is crucial for effective financial management. One common question that arises is: can sole proprietors deduct medical expenses? This article will explore the eligibility, limitations, and the process you need to follow to maximize your deductions. Level Up Your Mileage Tracking MileageWise: Tracks trips automatically via vehicle movement, Bluetooth, and Plug’N’Go without draining your battery. AI-Powered Mileage Recovery: The AI Wizard helps reconstruct past mileage logs, filling gaps in your log to ensure compliance. Built-in IRS Auditor: Checks and corrects up

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