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Everything you need to know about the 2024 IRS Mileage Rates
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.
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 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.
The IRS announced new mileage rates for 2023: 65.5 cents for business, 22 cents for medical trips and 14 cents for charitable drives.
MileIQ is here to help you dispel any unknown truths about IRS commuting rules.
Interested in maximizing your tax deduction? MileIQ explains the advantages of mileage tracking and ways you can save come tax season.
Frequently asked questions about mileage tracking for HVAC technicians in commercial or residential sectors.
Help streamline your business operations with MileIQ’s advanced mileage tracking technology.
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.
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.
The IRS announced new mileage rates for 2018: 54.5 cents for business, 18 cents for medical trips and 14 cents for charitable drives.
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.
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
We've added intelligence features to make classifying your drives easier than ever.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Some of the best accounting apps, available for download, include Xero, Zoho Books, Harvest, and more. Learn how these apps can ease your accounting.
Are your employees no-shows more often than they show up to work on time? Read on for tips for effective employee scheduling.
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.
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
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
Explore the landscape of cybersecurity and how to protect your business from DDOS attacks, Malware, Ransomware and more with the right software and tech
Especially during challenging times, you must be on the lookout for ways to reduce business operating expenses
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
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
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
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
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
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
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
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
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
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
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
Unique opportunities exist for businesses with a women-owned small business (WOSB) certification. Women who own small businesses should investigate this certification. It may help their businesses grow. What is a women-owned small business (WOSB) certification? The Small Business Administration (SBA) certifies women-owned small businesses. To gain this certification, you must fill out and submit SBA
Often, the most difficult step in a project is the first one. The success or failure of a project can often be traced back to decisions made at the beginning. A trusted planning process is to create a concept map. Also, sometimes processes become very complex over time. These projects can become inefficient, and it
Sole proprietorships are easy to set up—but they have downsides, too. Learn about the benefits and drawbacks of a sole proprietorship in this blog post
Minimum wage for the state of Florida changes every year to adjust for inflation. Check here to understand the rules governing minimum wage in Floriday
Before starting work, make sure you have a written agreement on its scope and costs, and the procedure for getting paid. And find the right point of contact
Using what I accomplished from entrepreneurial efforts along with the lessons learned in rock radio, here are the things I wish I had known when I started
From better budgeting to peace of mind, good bookkeeping is critical to your business. Learn bookkeeping 101 and how it can work for you.
Creating an e-commerce business website requires very little capital outlay compared to a brick and mortar store. Here's how to start out the right way.
Before payday rolls around, learn on how to pay yourself as a business owner and the options open to you based on your business entity.
This Uber tax guide will prep any rideshare driver at tax time. This includes what taxes Uber drivers must pay, deductions & more. ✓ Read our blog today!
This self-employment guide walks you through the tax basics. Don't get caught unaware of self-employment taxes and what you have to pay.
How to use LinkedIn for your business: Simple tips for every small business owner and self-employed worker for using LinkedIn.
Think Instagram is just for kids? Read on to learn the power of a social media following and some ideas for using Instagram for your small business.
Don't be intimidated by the process of starting a freelance business. We breakdown the tasks for launching a fresh business venture to make it simple.
How much to charge for freelance work? Here are 6 important tips for setting freelance rates that meet your needs as well as your client's.
Are real estate agents employees or independent contractors? Knowing the distinction between these roles can help you navigate through this career field.
If you're tongue-tied by terms such as CMA, FSBO and PITI, then keep reading for a list of abbreviations used by real estate professionals.
We demystify SEO and how can you use it to benefit your real estate venture, boost traffic to your business website and send your sales figures soaring.
Being self-employed can be tough on your finances. Here are 7 easy-to-use financial tips that will help you stay on top of your bank account.
We walk you through the process of building upon your strengths and offer tips how market yourself to new clients.
Retirement plans for the self-employed can be a little trickier than for W2 workers. Here are 4 options you need to know about
A health savings account for the self-employed can lead to savings at tax time. Here's what you should know to follow tax guidelines.
The Schedule C tax form is vital if you're self-employed or a freelancer. Here's everything you need to know come tax time
The backup withholding is important for those hiring and those hired as independent contractors. Here's what to know and if it applies to you.
You don't have to be outgoing to run your own business. These business ideas for introverts mean everybody can be self-employed.
Adjusted Gross Income is a very important tax figure. ✓ Learn what goes into AGI, how to calculate it, and how to maximize your deductions accordingly.
The Tax Cuts and Jobs Act is now law, which affects both individuals and small businesses. This article looks at the provisions affecting business.
The W9 tax form is important for small business owners of all sizes. Here's what you need to know about the IRS W9 tax form.
The Tax Cuts and Jobs Act (TCJA) has a big impact on taxpayers’ ability to deduct their medical expenses. Here's how to maximize your tax deductions.
Paying estimated taxes when you're self-employed can be a pain. Here are tips on how to pay quarterly taxes and how to calculate what you owe.
The Section 179 vehicles deduction offers large relief for business use of heavy vehicles. Learn about bonus depreciation on vehicles over 6,000 pounds.
You must pay estimated taxes if you expect to owe at least $1,000 in federal tax for the year.
How to calculate estimated taxes: What you need to know about your tax bill as a self-employed worker, small business owner or freelancer.
Real estate agent salary, taxes, and real estate commissions are often complex. Learn about what realtors make and when to pay taxes.
These tax tips for the self-employed will help you stay on top of your taxes. This includes important deductions & write-offs you can't miss.
If you're self-employed, you must file a tax return if earnings are $400 or more. If not self-employed, then it depends on filing status and gross income.
At a minimum, you must have tax deduction records that prove to the IRS that you deserve the write off you're claiming.
You can write off vehicle expenses on your taxes for big savings. Here's what you need to know about getting a car deduction. ✓ Read our blog today!
With the new tax reform rules in place, more parents with dependents can qualify for the child tax credit and potentially save thousands of dollars.
The IRS says up to $2,500 of the interest paid in the past year is deductible on a qualified student loan for taxpayers with modified AGI less than $80k.
Learn how to log mileage for taxes in 5 simple steps. See why a mileage tracking app is the leading way.
Saving for taxes when you're a freelancer or small business owner can be tough. These tips will help you automate it while being compliant with the IRS.
A rental property tax deduction must include the rental loss limitation. Learn the limits for rental property losses and how to use IRS Schedule E.
Learn how an amended tax return can change or correct an error with the IRS. This can also potentially get you a larger refund in some circumstances.
Deduct lease payments on your tax returns to lower the amount you have to pay. Learn how to do this and what limitations to be aware of.
The parking deduction lets you write off parking costs on taxes if it's for a business purpose. Learn what the requirements are and what you can't deduct.
Standard mileage rate vs actual vehicle expenses can lead to different deductions for your business car. Learn which method leads to larger write-offs.
The IRS 1099 tax forms can get confusing. Here's a list of the important forms you need to know as a self-employed, freelancer or a small business owner.
If you're self-employed, Liberty Tax® has the top 3 tips to help make sure you pay your self-employment tax correctly.
A construction worker can deduct everything from his work boots to vehicle-related costs. Maximize your tax return with these 5 common tax deductions.