What is Waze? Waze is a free, ad-supported navigation app designed to make driving more efficient. It uses your phone’s GPS and social media-based crowdsourcing to find routes, and provide you with real-time traffic information. Waze allows users to share information such as traffic conditions and anything else that might impact driving. Because Waze uses […]

Tracking deductible business mileage is notoriously difficult. Especially for individuals who rack up a lot of miles as part of their job. For Uber and Lyft drivers, accurate mileage tracking and reporting are essential. One of their major sources of income is through their mileage deductions. However, manual mileage tracking will not work for such […]

If you use your vehicle for business purposes, you may be able to deduct part of your driving-related expenses from your taxable income. To do so, you need to keep an accurate record of your business mileage and related expenses, most likely through a mileage tracking app. The IRS is very strict about its documentation […]

What is Shipt? Shipt is a membership-based grocery marketplace that provides same-day delivery of fresh food and household essentials to its subscribers. Members can place their orders either through a smartphone app or the Shipt website. Members place orders from various retailers, which are then fulfilled by a Shipt Shopper and delivered to their doorstep. […]

As a business owner, when you or your employee uses a car for work-related purposes, every mile counts. Firstly, you will have to work out how much to compensate employees who use their own cars when running errands for your business. Secondly, you will also need to work out how much to claim in tax […]

Being a self-employed worker comes with its fair share of challenges. You have no guaranteed income and it is likely that you don’t have a financial safety net in case things don’t work out. With this in mind, every self-employed worker or entrepreneur should take full advantage of every tax deduction they can claim to […]

What Is Mileage Deduction? A mileage deduction refers to the money paid back to an individual who uses their private vehicle for business purposes. The deduction is usually in the form of tax relief or rebate. You can calculate your mileage deduction, either using the standard IRS mileage rate or by working out your actual […]

Using a mileage tracker can drain your phone’s battery like any other app that uses GPS to track location. And you won’t have an accurate driving log if you can’t record your trips because your phone’s dead. Worse still, most mileage trackers stop recording your trips if the battery dips below 10%. And if your […]

What Is Mileage Deduction? Mileage deduction is a term used by the IRS to refer to the deductible expenses incurred by car owners who operate their private vehicles for work. According to the IRS, if you use your car for business purposes, you can deduct the cost of operations from your taxes. However, if you […]

If you drive your car for work, then you may be able to claim a mileage deduction on your taxes. A mileage deduction is a tax rebate that helps offset the cost of using your private vehicle for business reasons. However, claiming a mileage deduction is not as straightforward as most people believe. The IRS […]