MileIQ, Business Miles Tracker

A mileage reimbursement program can be key for many businesses. But, often employees ask, “What expenses does a mileage reimbursement cover?” Let’s go over that, as well as some tips for a great reimbursement program.

What’s Included In The Mileage Reimbursement?

The mileage reimbursement covers the cost of operating a personal vehicle for business reasons. This includes the cost of things like gasoline, oil, maintenance and wear-and-tear.

Your business can decide how to handle other driving-related expenses. This may include the costs of parking and tolls.

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Kat Jennings, TaxConnections CEO and internationally recognized tax search consultant, has worked with many firms over the years. One of her clients is an East Bay Area boutique tax practice with former Big Four Tax Partners and has grown to around a 50-person tax practice. They offer a culture of support, respect, flexibility, and opportunity that is refreshing to experience these days.

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Just a reminder for you: the highway use tax return is due Aug. 31. Let’s go over what the highway tax covers and who has to pay it.

What Is The Highway Use Tax?

The highway use tax return is a federal tax on highway motor vehicles with a taxable gross weight of 55,000 pounds or more. In general, this applies to truck tractors, buses and large semi-trucks. SUVs, vans and pickup trucks typically don’t have to pay this because these weigh less. Read More

We’re happy to announce that Practice Ignition has successfully been recognised for two awards this week from FinancesOnline. We’re really proud of the team and all the hard work they’ve been putting in over the last six months and it’s fantastic to see the recognition come through on the back of what has already been an eventful year for us. Read More

The IRS wants you to keep a “contemporaneous” mileage log. But, what does that actually mean? Let’s go over a recent court case to see what records you need to keep.

What Does The Tax Court Want From A Mileage Log

The Tax Court has reminded all business owners that you can’t wait until you’re audited to create records of your business mileage. Read More

ACH payments are a little bit sweeter for our American friends. Did you know that we are officially supporting 300+ institutions and 1500+ bank accounts around the U.S. with our partner banks? This allows for instant verification and onboarding, and the good news of all this will mean you have less administration and easier onboarding of clients. That’s a win win win for our Practice Ignition users that currently have ACH Payments turned on.. Read More

Do you know what motivates your customers? Your business’s unique selling proposition (USP) is the one factor that will differentiate you from your competition and lets your potential clients understand why your service is better than a similar offering. It will also indicate how your firm adds value to your clients.

How to differentiate your business Read More

One of the most important things for your business to do is to price your businesses services appropriately. This will maximize how much value you can extract from your customers and creates a solid foundation for a business that will prosper into the future. There is no clear strategy or formula which you can use to price your services; however, there are some factors to consider when determining how much we can charge our clients: Read More

If your business has employees who use personal vehicles for work reasons, you may consider a car allowance policy. Let’s go over what this means and how you can decide if it’s the right move for your organization.If your business has employees who use personal vehicles for work reasons, you may consider a car allowance policy. Let’s go over what this means and how you can decide if it’s the right move for your organization. Read More

Join me as I introduce Ryan Embree from Practice Ignition who will walk you through step by step instructions on how to use this super easy template software. What Practice Ignition has done is take the client onboarding process including proposals, engagement letters, and billing clients super easy and fun. This elegant template software takes what would normally take any tax, accounting or legal professionals hours and streamlines it to minutes. All attendees will receive a two week for trial for attending this webinar since you will become a pro after one easy training webinar. Read More

Join me as I introduce Ryan Embree from Practice Ignition who will walk you through step by step instructions on how to use this super easy template software. What Practice Ignition has done is take the client onboarding process including proposals, engagement letters, and billing clients super easy and fun. This elegant template software takes what would normally take any tax, accounting or legal professionals hours and streamlines it to minutes. All attendees will receive a two week for trial for attending this webinar since you will become a pro after one easy training webinar. Read More

In the past few weeks, we’ve been working on content around centralizing your client relationship data so that you can do a deep dive into those relationships, their status, inclusions and revenue with the hope that you can build a better practice once you have a decent source of truth.

This week, we’re excited to introduce you to the pipeline widget within Practice Ignition, another great addition to the dashboard. The new pipeline functionality allows you to visualize your momentum and success with the firm. Read More