How to Calculate Mileage Reimbursement in California Posted on February 5, 2020 Most employers believe that they have to pay their employees for business mileage. But this is not true. The federal government does not require employers to reimburse employees. There are some exceptions, however, that protect employee interest to ensure they are making more than minimum wage. The Fair Labor Standards Act, for instance, prevents mileage expenses […]
Standard IRS Mileage Rates for 2024 Posted on January 25, 2020 What Is the IRS Mileage Rate? The IRS mileage reimbursement rate, also known as the safe harbor rate, is a guideline for business mileage reimbursement. It applies mostly to employees or independent contractors who use their private vehicles for work purposes. The IRS conducts an annual study of the fixed and variable costs of operating […]
5 Outstanding Mileage Trackers for US Truck Drivers Posted on January 22, 2020 If you clock thousands of miles as part of your job like most truck drivers do, you’ve certainly experienced a well-known headache caused by your constant strenuous effort to track every single mile and create a neat and accurate mileage log manually. Here comes the headache again when you’re just thinking of keeping a tally […]
Top 4 Mileage Trackers in the Google Play Store Posted on January 17, 2020 Do you use your personal vehicle for business trips frequently? If your answer is yes, you undoubtedly know how daunting and time-consuming it can be to log every mile manually without making a mistake or missing any critical details. In reality, it’s nearly impossible to keep an accurate manual tally of all the data the […]
5 Free Mileage Tracker Apps for iPhone Worth Trying Posted on January 15, 2020 Just like millions of iPhone and Android owners worldwide, you probably use this gadget to take photos, play games, listen to music, or surf the Internet, right? BUT… Have you ever thought about using your smartphone in a smarter way? Did you know it can help you save money, time, fuel, drive better, be […]
Demystifying the Car Logbook: Answers to Every Tradie’s Questions Posted on December 18, 2019 A car logbook is a method for recording your business mileage for tax return purposes. It’s how you provide proof of your car expenses to the ATO so you can claim a portion of those expenses at tax time. Nifty, isn’t it? As a tradie, you’re spending your days on wheels – so you might […]
Keeping a Vehicle Log Book: What Do Accountants Know That You Don’t Posted on December 14, 2019 Keeping a vehicle logbook is a chore most people would rather shy away from. It’s tiresome and tedious work that requires you to make the effort every time you drive your car. But what if we told you that the benefits outweigh the costs? Failing to record your work related mileage means cutting yourself short when […]
6 Vehicle Logbook Apps Aussie Tradies Swear By Posted on December 13, 2019 Gone are the days when you had to log your mileage manually in bulky journals and scraps of paper. You can use a logbook app to automatically complete your vehicle write-off for this fiscal year. If you’re a self-employed tradie, the ATO allows you to claim your business expenses at tax time. Since driving takes […]
The Top 5 ATO Receipt Apps Accountants Highly Recommend for Vehicles Posted on October 23, 2019 Are you in the market for ATO receipt apps for vehicles? Proper record-keeping, as required by the Australian Tax Office, can be tedious. No one understands that more than an accountant at tax time. That’s why we’ve scoured the internet to bring you a list of vehicle logbook apps endorsed by accountants. But accurate logging […]
5 Popular Car Logbook Apps Tested: Here’s What We Learned Posted on October 7, 2019 Paper mileage logs? That’s a relic of the past. They used to be a handy (though disturbingly labour-intensive) way to write off your car expenses. Now they’ve been replaced with up-to-the-minute car logbook apps that do much of the hard work for you. What once took hours of filling in car logbook forms today is […]