Your business often isn’t confined to a single location. That’s why you may need your employees to be mobile. Providing a company vehicle is a common solution to this. Let’s go over the pros and cons of providing a company car. Read More
Tag Archive for MileIQ
You may notice that things have changed a bit on MileIQ.com and within the app. Don’t worry, you’re still getting the world’s best automatic mileage logging to help you get the largest deduction yet. Now, it’s just in a prettier package.
There’s been an explosion of on-demand apps that deliver food straight to your doorstep. Of course, this is a well-worn tradition for pizza restaurants. Can the pizza delivery drivers and on-demand food deliverers claim their mileage on taxes?
If you use your personal car for your own business, you can take a mileage deduction to save on your taxes. But what if you drive your own car for your W2 job? Your employer can reimburse you and that often comes through a car allowance or a mileage reimbursement.
Each year when you give your clients their bill it is also a good idea to give them a free gift – one of those gifts that will keep them thinking about you all year long. Without question, the best free gift you can give to your clients this year is the 20% coupon discount from MileIQ Business Miles Traveled App.
Every Tax Professional who registers through the link below will be give a free MILEIQ Business Miles App. You will also be able to give your clients that special 20% discount link along with the comfort of knowing your client is protected on an audit with this amazing App. Tax Professionals receive a FREE PREMIUM ACCOUNT exclusively through TaxConnections so take this opportunity while you have it at your fingertips. It is an amazing gift for you and your clients, too!
The mileage rates 2016 for business drives is 54 cents per mile decreased from 57.5 cents in 2015. Let’s go over what the business mileage rate is and what it means to you.
How to Calculate Mileage for 2016 Mileage Rates
Now that MileIQ for Canada is live, it’s easier than ever to claim the mileage deduction you deserve. Be sure you’re aware of the CRA mileage log requirements before you claim motor vehicle expenses on your taxes.
We often talk about tracking your mileage and expenses for tax purposes. But, what are you supposed to do with it? Let’s go over the basics on reporting business mileage on your tax return.
We’ve talked a lot about can’t-miss tax deductions for the self-employed but I wanted to highlight one that can lead to major savings. That’s right, this is potentially the secret weapon for small business tax deductions.
We’re happy to spotlight the amazing work MileIQ users do every day. This week, we’re excited to speak with Lisa Jeffries, founder of Raleighwood Media. See why there’s no typical day for this go-getter and how automatic mileage tracking comes in handy for her and her events-planning company.
Being self-employed offers many advantages over being a W2 employee but it can get tricky when it comes to taxes. We’ve put together 6 tax tips for the self-employed that can benefit every freelancer, small business owner and self-employed worker out there.
Sometimes, you have to move because of a change in your job or business location. Or, maybe it’s because you start a new job or business. The IRS allows you to take a mileage deduction on your taxes for these moves. Let’s take a look at deducting moving expenses on your tax returns and the moving expense deduction rules.
Current Articles
Canada Just Passed Law Increasing Exclusion Rate For Capital Gains To 66.6%Here is word for word a copy of an email sent to my inbox recently. Beware of all the swearing in case you may be offended. These are the types of emails I receive. “My home and native land […]
Biden Proposes Highest Capital Gains Tax in Over 100 YEARSBidens 2025 budget proposal raises the top marginal rate on long term capital gains and qualified dividends to 44.6 percent. The Biden administration has proposed the highest top capital gains tax in […]
What Is The BEAT For MNEs?According to Senior Economist, Alan Cole at the Tax Foundation, BEAT is the acronym for Base Erosion and Anti-abuse Tax. “Base erosion is the loss of corporate income tax revenues from global […]
Event Waivers And ReleasesWritten waivers and releases (generally, here, a “Release”) have become ubiquitous in the American way of life – axe throws, bounce houses, rock climbing parks, mechanical bulls, little league […]
Learn IRS Site Publications On Tax Credits That Are Not Easy To FindEarth Day was April 22, 2024, TaxConnections takes responsibility for the delay in publishing..oops! Professor Annette Nellen at San Jose State University published this post originally on her 21st […]
Recent Comments