Your mileage log and mileage logs can lead to significant savings through the mileage deduction. But, what does the IRS require in your documentation? See how your mileage log books can help you avoid an audit.
Tags: Mileage Log
A mileage tracking app is the best way to keep track of your miles for tax or business purposes. You may be thinking, “Can’t I just use a pen and paper?” Yes, but the best mileage tracking app has multiple advantages. Let’s go over six ways a mileage app saves you time and money.
If you drive a personal vehicle for business purposes, the business mileage deduction is a great way to save money on your tax bill. But the HMRC won’t just take your word for it, it needs proof. Here’s what the HMRC will want in your mileage log.
If you’re planning to take a mileage deduction, tracking mileage for work must become a part of your routine. It’s easy to fall into the trap of jotting something down while in traffic or quickly tapping out your mileage on your cell phone before you forget. It seems harmless enough, right? However, commercials, radio ads, billboards on the freeway and real life experience remind us that distracted driving can lead to life-altering events.