May 26, 2023 Alright, folks, picture this: You’re a go-getter freelancer, a hard-charging small business owner, or one of the unsung heroes of the gig economy. You're running the proverbial rat race, and let’s be honest, it's a jungle out there. But, amidst the hustle and bustle, have you ever thought, "Am I overlooking something?"…
Are you tired of keeping track of your miles manually for tax purposes? Do you find it difficult to maintain correct records and feel as though you are leaving money on the table? Look no further than MileageWise's mileage tax preparation professionals. This blog provides a quick overview of the advantages of using MileageWise for…
Nobody likes getting letters from the IRS, period. If you do receive one, however, you’d better act as quickly as possible in order to avoid an IRS fine, which is sometimes an enormous amount. Mileage logging is no exception: if you had claimed a business mileage tax deduction that the IRS rejected, you have to…
Last updated: April 26, 2023 Using a car for business generates a significant amount of expenses for those who drive their vehicle to create revenue, leaving many wondering how to deduct mileage on taxes. The Internal Revenue Service (IRS) offers 2 ways to calculate how much you can deduct from those expenditures each tax year…
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…
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