Are you unsure whether you should get a mileage tracker app for your business or not? Well, modern electronic apps that track mileage can benefit your business more than you realize. As a businessperson, you invest in strategies that have proven to bring you positive ROI. And it stands to reason you’ll spare no expense for an investment that greatly benefits your business. For starters, a decent mileage tracker can help you keep a compliant mileage log and help you maximize your tax savings. But this is only the tip of the iceberg. Many businesses don’t quite understand what they’re missing out on when going without a mileage tracker. So, this article will clear things up for you. Today we’re digging into mileage trackers. Turn Miles Into Dollars Whether you’re operating a fleet of vehicles or are using your car to run a self-employed business, chances are you’ll cover decent mileage for work. Let’s say just one of your vehicles scores 10,000 business miles on the annual grand total. Now, the standard mileage rate for the 2020 financial year is 57.5 cents per mile. Which means you just earned yourself $5,700 back in car deductions. Not bad, right? But in reality, your business cars are likely to cover far greater mileage. So if you hit 50,000 miles a year for business, your deduction can reach a whopping $29,000. That’s exactly why you need a reliable and accurate mileage tracker app. You want to make sure each and every mile gets recorded! Simplify Mileage Tracking for Your Drivers Tracking mileage for taxes used to be a complete pain in the neck for anyone who needed to get the chore done. And those who remember bulky journals and paper logs know exactly what we mean. Today, this “chore” requires you to make a few lazy swipes on your phone. It’s as simple as that! A good mileage tracking app records your trip details and generates reports ready for the IRS. It also computes the business use of your car by using your odometer readings. So, help your drivers save hours on logging their mileage. You know better than anyone that they’ve got better things to do. Send Compliant Tax Return Documentation to the IRS Screenshot from: IRS.gov There’s an important note, though: you’re not looking for just any app that logs your mileage. You’re looking for an app that’s aligned with the relevant IRS rules and regulations. Filing erroneous or incomplete reports can get you in trouble with the tax authorities and you’d rather pass on that, right? So, in case your business gets audited for mileage, it’s a smart idea to show them a mileage log that is IRS-compliant. If you want to prove you’re eligible for your car deductions, you’ll need to provide relevant tax documentation to the IRS. With a good mileage tracker, you can have peace of mind knowing you tracked your mileage properly. Why Is GOFAR the Best Mileage Tracker App for Your Business? The majority of apps available automatically track your mileage, but the driver has to start and stop the app during each drive. This is a huge time-waster for people with busy schedules. So, most of them would rather go for an app that’s more automated than that. What good is an app that won’t record your trips if you forget to switch it on? And we all know this happens to people. Enter GOFAR. It stands several notches above those unreliable mileage trackers. How’s that, you might ask? Well, the app works to save time and your hard-earned money in more than one way. So, let’s get down to it. Maximize Your Tax Deduction If you use your business car for personal purposes as well, you’ll need to figure out the split between the personal and business mileage. That’s the only sure-fire way to get reimbursed for all the mileage you’ve covered company-wide. This is why GOFAR is your go-to mileage tracker. The app tracks your personal and business mileage with mathematical precision. Created by an Australian rocket scientist, GOFAR relies on cutting edge technology to make sure all your trips are recorded. So, how does it work? GOFAR uses a telematics OBD2 device that plugs into your car and communicates with your phone to transfer and record data. The device starts and stops your trips, so no fiddling with your phone is required. It records your driving log, so you don’t even need to have the phone on you as you drive. The end result is – you’ll NEVER miss a trip again! And this makes it very easy to deduct all those money-making miles. This is a huge benefit on its own and a feature not every mileage tracker app can offer you. But GOFAR has a lot more to bring to the table. So, let’s take a look under the hood! Save on Your Fuel Consumption GOFAR Bluetooth OBD2 Speedometer Fuel Gauges & Car Trip There are loads of mileage trackers on the market. Yet, not many of them can give you insight into your employees’ driving patterns. If you could get your team to adopt better driving behaviors and save money, you wouldn’t waste a minute, right? Now, a body of research trials shows businesses and corporations can save up to 10% on each tank of fuel with GOFAR. GOFAR uses a dashboard-mounted Ray device to track a set of metrics showing how your team is driving. The device uses intuitive sensors to track speeding and harsh braking to calculate how much these are costing you. And not only that. GOFAR enables you to: Use Less Fuel. Your drivers can pick up on Ray’s real-time feedback to improve fuel efficiency. Protect Your Team. Your team is able to drive more safely. Ray device sends out simple light alterations to help improve driving habits. Get Insights Into Your Team’s Driving Trends. Receive metrics such as fuel economy, speed, and time in the car right on your smartphone. Now, if you run a fleet of vehicles or have staff that drives for a living, just imagine how much money you could save on your transport costs! Save on Your Car Repairs and Maintenance When budgeting for your business, a huge cost you need to factor in is your vehicle repair and maintenance expenses. And we all know those can sure add up fast. In this case, getting GOFAR is a smart business choice once again. The GOFAR device connects to your car computer to give you detailed vehicle diagnostics. What’s in it for you? We’ll elaborate. The app: Sends you alerts each time your car has a fault Explains the faults in plain English so you can finally figure out those Check Engine Lights Offers multi-car support so you can monitor the health status of multiple cars from your phone The real benefit here is that you’re finally able to do timely repairs of your vehicles – BEFORE they get hideously expensive. And you’re able to make an educated decision about whether a given repair is time-sensitive or not. Not to mention that no mechanic will be able to overcharge you for servicing ever again. Get a Mileage Tracker App That Makes Good Business Sense So, to recap, claiming your mileage deduction can save you a ton of money. And this is the stark reality that stands to benefit your business financially. With a good quality mileage tracker, you’ll be able to: Turn your business mileage into dollars, Make life easier for your employees, and You won’t have to dread an IRS audit. Now, that sounds like a top value gadget, wouldn’t you agree? This holds true even if you settle on a mileage tracker with a higher price tag. It makes good business sense to invest in a device that generates healthy tax savings in the long run. And GOFAR can benefit your business in more ways than one. So, learn more about the GOFAR mileage app or waste no time and get your money-saving gadget today. Once you start luxuriating in all the little perks of the GOFAR mileage tracker, you’ll wonder how your business ever survived without one.