19 Most Popular Tax Deductions for Small Businesses

Running a small business is as rewarding as it is challenging. Which means that any time a new expense pops up, you may find yourself asking “Can I deduct this?” 

Approve Drives with a Click

Tackling tedious mileage tasks rarely feels like a good use of time. And few mileage tasks take more precious minutes than approving drives for reimbursement — checking drive routes, calculating mileage in a spreadsheet, signing off on reimbursement amounts

Mileage Tracking for HVAC Technicians

Frequently asked questions about mileage tracking for HVAC technicians in commercial or residential sectors.

MileIQ Live Chat, Email, and Customer Support Questions

MileIQ support is available via Live Chat (M-F 6a-7p PT) and Email for support issues, Provide a phone number if you need support to call you back.

Payroll Tax for Small Business

A payroll tax is unavoidable for most small businesses with paid employees. Read on to learn what payroll taxes cover and how to collect and submit them.

Guide to Small Business Loans for Women

Women face challenges securing the financing needed to launch and run their business. Learn why you need and how to get small business loans for women.

Best Accounting Apps for Small Business Owners

Some of the best accounting apps, available for download, include Xero, Zoho Books, Harvest, and more. Learn how these apps can ease your accounting.

5 Tips for Making Employee Scheduling Easy

Are your employees no-shows more often than they show up to work on time? Read on for tips for effective employee scheduling.

Tax Laws for Fire and Casualty Loss Tax Deduction

Claiming a fire and casualty loss has changed under the new Tax Cuts and Jobs Act (TCJA). Learn what is a valid tax deduction and can no longer be claimed.

5 DIY strategies to maximize your small business marketing efforts

For the small business owner or marketer, here are 5 DIY strategies to help you make the most of your marketing budget and grow your business

5 tips for creating powerful small business videos

The best marketing videos use all the advantages of the medium — eye-catching visuals, strong narrative, on-screen text, and music or other memorable audio

Cyber security guide for the entrepreneur

Explore the landscape of cybersecurity and how to protect your business from DDOS attacks, Malware, Ransomware and more with the right software and tech

How to reduce business operating expenses

Especially during challenging times, you must be on the lookout for ways to reduce business operating expenses

What are Force Majeure Contract Clauses?

Force majeure clauses are also known as "Act of God" clauses. The contract can excuse people or businesses from doing what they promised—such as paying rent

Business security during a temporary closure

Before temporarily closing the doors of your business, several steps contribute to your returning to a facility in the same condition as you left it

Creating online content IS networking

Create content every day and let you and your expertise shine. You never know who you might be helping and who your new friends will be

Create a Rewards Program for Your Small Business

How do you create a customer loyalty program? No matter where you shop these days, you’ll find businesses taking advantage of customer loyalty programs. Whether it’s a punch card at a food truck, a membership card at a grocery store, or a mobile app for a large ecommerce website, loyalty rewards programs are a proven

Estate planning for small business

Learn about the basics of estate planning. Your small business will profit from early planning. Start today and feel secure as your business grows. What is estate planning? The term estate planning is misleading. People resist thinking about it for two reasons. 1) They don’t want to think about dying Estate planning is not limited

Do you need liability insurance for your small business?

You know you need to protect your assets. Forming a legal entity gives your business limited protection. Most businesses also need insurance. Most small businesses need liability insurance. What is the best liability insurance for your small business? The best insurance protects your business and personal assets. Risks can stop your small business from running

How does aggregate demand affect small business?

Aggregate demand is the total demand for goods or services in a market for a certain period. It’s not as complicated as it sounds. Your business will benefit if you understand it. What is aggregate demand? To define aggregate demand we must understand the Law of Demand. The Law of Demand The Law of Demand

How to choose an online shopping cart for your business

Are you happy with the way e-commerce works on your website? Is it simple for you and your customers? If not, consider adding a user-friendly shopping-cart application to your website. What is an e-commerce shopping cart? An e-commerce shopping cart is more than a virtual basket for purchases. It manages all aspects of the purchasing

How trade shows benefit small businesses

Trade shows are full of potential opportunities for your business. They are also expensive. Is it the right time, for you to attend, or your business to exhibit at a trade show? What is a trade show? A trade show is a gathering for members of a particular industry. It’s an opportunity for business owners

Three Easy Ways to Help Motivate Employees

If you motivate your employees, they’ll reward you with peak performance. Motivation is a challenging concept. Factors simple and complex affect how employees view their jobs. How do you motivate employees? It’s common to believe that money and enjoyment drive motivation. Research does not support this idea. Behavioral economists like Duke University’s Dan Ariely find

Tips for giving business gifts

Small business work closely with clients and vendors. These businesses may want to give gifts to their partners for any number of reasons. But there some things to keep in mind before making a business gift. Should you give gifts to your clients and vendors? It is important for small businesses to stay in the

Financial Health for Solopreneurs: 5 Money Habits for Holiday Savings

Fall is a time of reflection and slowing down, before things ramp up for the holiday season. So take an afternoon to set yourself and your business up for success! You’ll likely experience the payoff and feel more in control of your money before the December time crunch.

IRS Announces 2022 Mileage Rates - Your Miles Are Worth More!

The IRS announced new mileage rates for 2018: 54.5 cents for business, 18 cents for medical trips and 14 cents for charitable drives.

5 Ways To Stay Calm While Working Long Hours

Entrepreneurs and innovators are known from working crazy long hours. If they are working on a passion project or start up, it is understandable they'd clock 80-plus hours a week. But for those of us who are not going to become billionaires, how can we stay calm at work

MileIQ New Features - Automatically Classify Your Drives

We've added intelligence features to make classifying your drives easier than ever.

How to Get a Mortgage When You're Self-Employed

Getting approved for a home loan can be challenging when you're self-employed. Read on for tips on how to get a mortgage when self-employed.

Uber Car Requirements | Driver Qualifications & Rules

Are you looking to become an Uber driver? ✓ Click here to learn about driving for Uber, the list of Uber car requirements for drivers, & more.

What Do Travel Nurses Need to Know About Taxes?

Becoming a travel nurse can cure your wanderlust and fulfill your urge to help others. But the particular pay policies of the profession can make tax time tricky. Keep reading for the answers to your travel nurse tax questions before embarking on the career.

How to Work for Postmates as a Driver

More than a delivery service, Postmates is also a revenue generator for its fleet of entrepreneurial-minded drivers. Click through to learn how the service works and how to work for Postmates.

MileIQ Glossary: Basic Terms to Know

Understanding MileIQ terminology is pivotal to improving your use of the mileage tracking app. This primer will walk you through the essential terms in easy-to-understand language.

Where to get a free Uber vehicle inspection

To become an Uber driver, your vehicle needs to meet Uber's standards for safety and cleanliness, which means you have to pass an Uber vehicle inspection. Here are the guidelines for passing an Uber vehicle inspection.

How to Work from Home and Stay Productive

If you work from home but in your pajamas all day while reading mystery novels on your Kindle, fighting baddies in video games or enjoying tasty snacks after snacks, something may need to change.

Tips to Know the Value of Yourself

The more you can verbalize your value and "toot your own horn," the more valuable you become. And, the more successful you become

Self-Employed Tips: Find a Need and Fill It

Never has that business mantra ever carried so much weight. Find a need and fill it. The world is changing and shifting perceptibly every day it seems

Health insurance for the newly unemployed

Losing a job also means losing employer-provided group health insurance. Here are health insurance options for the newly unemployed that might fit you

Reframe Negative Thoughts: The Christmas Tree Story

In September of 2008, we evacuated for Hurricane Ike, just like we had done for dozens of other southeast Texas weather events over the years. This time was different. This time we didn't come home, pull all the outdoor furniture back outside, put away the hurricane supplies for the next one, and unhook the generator.Nope. Ike blindsided us.

6 ways to make your LinkedIn personal profile stand out

Here are six things you should be doing right now to optimize your LinkedIn profile and increase engagement and visibility on the platform

Time Management Strategies for Self-Employed Workers

In a large organization, specialists focus on particular tasks. Small business owners are responsible for every aspect of their business. Time management is critical for small business owners to focus on tasks and stay focused. How do I improve time management? Improve time management by investigating your current use of time. Determine your current habits

How do you start an online t-shirt business?

Somebody should put that on a t-shirt and sell it!” I bet you’ve heard someone say that a few times in your life.  Maybe it’s a catch phrase, a play on words, a cultural touchstone, or a cute design scribbled on a notebook. Whatever the idea, a clever entrepreneur can take that idea and start

Small Business Owners: It’s OK to Take a Break

Working from home full-time is a novel concept for many. Just remember that it's okay to take regular breaks and set boundaries. Here's why

How to set up and run a podcast

Podcasts are a proven medium for reaching a broad audience. Here is a comprehensive guide that will help plan and publish your first series of podcasts

Can a smartphone read my text? Yes – and it’s amazing!

Read my text apps allow you to look away from your phone while still getting the information you need. Interested? Let’s take a closer look

How women can find value from a mentor relationship in business

Find a mentor to grow your skills! A proper mentor can strengthen your business acumen, provide networking opportunities and offer a fresh perspective

Searching for business ideas? Here's some practical advice

Business ideas are hard to find. Feeling stuck? This post should point you in the right direction. A great business idea may be right around the corner!

6 surefire ways to successfully network an event

Make the best of every single networking event you attend. You never know who you'll meet or what you'll learn. Or where it will take you

Is Mileage Reimbursement Taxable Income?

Learn when mileage reimbursement is taxable income in the US, IRS mileage rate rules, and how to handle commute mileage reimbursements for tax compliance.

How to Estimate Quarterly Taxes Before End of Year

The financial life of every freelancer is subdivided into quarterly estimated taxes. But in the holiday bustle, it’s easy to forget all about them. When the fourth quarter deadline comes, many people rush to make a payment without updating their income and end up with a surprise tax bill. Let’s talk about why you should re-estimate your quarterly taxes before the end of the year and changes that can affect your payments.

The top five mistakes made when claiming tax deductions for mileage for the IRS

As tax day approaches, it is critical to understand the rules for claiming mileage deductions available to anyone using their vehicle for business purposes. However, it is important to avoid common mistakes that can leave money on the table or, worse yet, make yourself a candidate for being audited by the IRS.

Steps to Claiming Mileage From the IRS

A complete guide to claiming mileage on your taxes if you are self-employed, or own a business and use your personal vehicle for business purposes.

The 2024 IRS Mileage Rates

Everything you need to know about the 2024 IRS Mileage Rates

What Are the IRS Standard Mileage Rates for 2023?

The IRS standard mileage rate for 2023 is 65.5 cents per business mile. Here's how you can use this rate to save on your taxes.

IRS 2023 Mileage Rates: Your Miles Are Worth More!

The IRS announced new mileage rates for 2023: 65.5 cents for business, 22 cents for medical trips and 14 cents for charitable drives.

Do Business Calls Make Commuting Deductible?

MileIQ is here to help you dispel any unknown truths about IRS commuting rules.

What Is Mileage Tracking? Why Should You Do It For Taxes?

Interested in maximizing your tax deduction? MileIQ explains the advantages of mileage tracking and ways you can save come tax season.

Mileage Tracking for Construction

IRS Increases Standard Mileage Rate

Searching for information on IRS mileage deduction rules and rates? ✓ MileIQ explains what to know including how many cents per mile you can write off.

IRS standard mileage rates of 2022

The IRS Standard Mileage Rate 2019 will determine how much your business miles are worth in terms of tax deductions. See how much your miles are worth.

Common Tax Deductions for Homeowners

When you own a home, you can also benefit from certain tax deductions that renters aren’t eligible to claim. Here are some common tax deductions homeowners frequently claim.

Back-Door Roth IRA: A Great Way to Save for Retirement

It has been unclear whether the back-door Roth IRA would pass muster with the IRS. Some tax experts cautioned the IRS might prohibit this strategy. However, there is recent evidence which could help out.

Tax Reporting by Online Hiring Platforms

Explained is IRS private letter ruling (PLR) that provides guidance on how the IRS believes the tax reporting rule should apply to online hiring platforms.

When Can You File Taxes in 2021? | IRS Deadlines

Trying to figure out when you can start filing your income taxes in 2021? ✓ Learn everything you need to know about filing your 2021 taxes right here!

Business vehicle trade-ins under the new tax law

The new tax law can change your tax bill if you're planning to trade in a business vehicle for a new one. Here's what to know.

What Are The IRS Standard Mileage Rates for 2021?

Tax issues for the newly unemployed

Due to the pandemic, the tax rules for unemployment have changed slightly. Here are answers to questions such as, are unemployment, severance pay taxed? Penalties for early withdrawal from retirement accounts?

IRS gives taxpayers a break and extends its deadlines

The IRS has postponed most of its tax filing and payment deadlines for 2020 due to drastic change in the U.S. economy

New Help for Employers in 2020

In response to the high unemployment rate, Congress has enacted several new tax incentives. Here are the changes to help employers pay their employees

Top Tax Deductions for Doing Good

Congress has acted to encourage charitable giving by expanding the tax deduction for charitable contributions. Here's what you need to know

Tax deductions for working from home

If you're a self-employed business owner, you can claim a tax deduction if you work from a home office or other home workplace. Here are the rules to follow

The current state of affairs for the IRS

Due to the severe economic downtown, the IRS has elected to turn a new leaf. Here's how the IRS is handling taxes due and other related agency business