How to keep my mileage log?
Driving your private vehicle for business purposes doesn’t mean you have to cover the expenses from your own budget. The IRS allows you to deduct all the business-purpose expenses from your tax providing that you keep an IRS-compliant mileage log.
To have the guarantee your mileage report is correct in case of the IRS mileage audit, make sure you keep track of a few crucial elements. First of all, you need to provide the year-start and year-end odometer readings. Each business trip needs to have a given mileage, together with the date, the starting and ending locations, and the purpose of them. Finally, the total mileage driven throughout the year is required.
The IRS accepts paper mileage logs, yet it may contain lots of errors you may not be able to notice. It’s more popular, and much more efficient to use a mileage tracker app.
Can I use a mileage log generator on my phone?
Nowadays, mobile phones have successfully replaced computers in office work, giving us a chance of working even faster and more efficiently. It’s no wonder then that a mileage tracker for taxes is available for phones too.
Why should you persuade someone to buy an app instead of keeping the track in a paper version? Because your trips are recorded automatically by an app based on iOS or Android. Apart from the great amount of time saved, any missing trips can be easily retraced by the app.
The automatic IRS mileage trackercontains a complete set of information about your vehicles, headquarters, clients and their addresses, and the possibility of marking the trip purpose.
The best mileage tracker app – what functions do you need?
Various companies may find different functions useful, depending on the type of business they run, and other factors too. However, there is a range of really useful functions, which you will appreciate.
When using your phone app, it’s really important to record your trips automatically. The vehicle movement monitoring is used together with Bluetooth monitoring, or Plug”N”Go monitoring functions. The four automatic trip recording modes can be used at the time you choose within your working hours.
If the constant use of automatic mileage tracker for taxes worries you, you can start the tracking at the moment of arriving at your destination, without the need of overheating the battery.
The tracking by GPS may not be constant, as there is no need to know your location when you’re not driving. A good mileage logs app is capable of tracking mileage log without the unnecessary location tracking. The app gives you an opportunity of easy business and personal purpose classification of your trips in the process of deduction of tax preparation.
The app on your phone allows you not only to have access to multitudes of cars most of the time, but also to manage one car to different phones.
Google Timeline can also be used for mileage tracking, and then the app needs to have the option to export Google Timeline to Excel.
MileageWise App has all of these functions, making it the best mileage tracker for business, and additionally it is quite helpful for people to tend to forget about things. The app has the opportunity of giving you mileage log recommendations with use of AdWise Wizard technology, based on AI.