Balanced books are critical to the success of any business, even yours. But bookkeeping itself is one of those time-consuming tasks where errors are easy to make and expensive to rectify down the line.
With 48% of business trips today including car travel, self-directed workers can rack up significant mileage and mileage deductions while on the road to entrepreneurial success. However, the harried nature, administrative hassles and rising costs of business travel can often serve as a roadblock to achieving your strategic goals.
Two recent Tax Court cases show why it’s so important to keep contemporaneous mileage logs when claiming deductions for business driving. “Contemporaneous” means updated at least weekly.
Every Monday, we’re highlighting one of those users, their business, their app recommendations and more. Want to be featured? Send us a Tweet @MileIQ.
We’ve highlighted a variety of business owners in our weekly Mileage Monday posts, but considering how much we talk about taxes, it’s shocking we’ve never featured an accountant! Well that changes today as you meet Jody Jordan – Owner & Chief Number Cruncher at Jody Jordan CPA, PLLC.