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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
The home office deduction is a valuable tax deduction for small businesses and freelancers. Learn how to calculate this massive write-off.
Paying freelance taxes for the first time? Don't sweat it. Here are easy-to-follow tips that will prepare you for tax season.
Get the facts on the penalty for underpayment of estimated taxes and how to determine whether you owe it and how to calculate it.
There are benefits why you may want to consider changing to a Limited Liability Corporation. Here's how to form an LLC.
A career in real estate can be exciting, fulfilling, and financially rewarding. To get started, learn the necessary steps to launch your real estate career.
If you've been wondering how becoming self-employed and starting your own business opens a whole new world, here are a few steps you should follow.
Read on to learn how to develop a finance plan and manage bank accounts when you’re self-employed.
Delivering packages in record time is all in a day’s work for Amazon Flex drivers. Learn what's involved to join one of the nation's largest employers.
If you drive for a ride-sharing company, don’t assume that you're covered by their insurance. We help figure out whether rideshare insurance is for you.
You can be your own boss and make a pretty penny driving as a Lyft driver. Here’s what you need to know about the service and how to work for Lyft.
Uber remains an open revenue-generating opportunity for drivers. Learn what it means to drive for Uber and how to work for ridesharing company as a driver.
Do you feel right at home brokering property deals between buyers and sellers? Then a career as a real estate broker may be right up your alley.
The best apps for real estate agents will simplify your agent to-do list — and more. Keep reading to find out which real estate apps make the cut.
For the self-employed, a solid retirement plan means more than wishful thinking. And one of the first steps is to setup a traditional IRA.
Should you ever work for free? We lay out the factors you should consider when making the decision on whether you should work for free.
Here is a look at the most common self-employed retirement plans and the benefits and annual contribution limits for IRA, SEP IRA, SIMPLE IRA, Keogh plans.
How do you go about getting a real estate license? This article will show you how to get a real estate license step by step.
Tips for real estate beginners: build a database, know the peak buying/selling periods for your area, learn to turn a no into a yes. And there is more ...
Not all realtors are real estate agents and not all real estate agents are realtors. So how do the two similar roles compare and how do they differ?
Starting your own business is tough but these tips will help you start it the right way, with the best chances for success.
Kevin Craine shares his best tips on how to become a successful work from home freelancer, including how to manage your sales pipeline and find your niche.
The nuts and bolts of budget planning using a spreadsheet and why it's a valuable tool with keeping records.
Read on to learn about your responsibilities as a self-employed worker concerning health insurance and how to find a plan that suits your budget and needs.
Where's my refund? You can easily check your IRS tax refund status in less than five minutes with this simple tool from the IRS.
There are two types of tax years: calendar and fiscal. Explained are the differences between the two and how they might apply to your small business
Most business expenses are tax deductible, but not all. Here are 12 perfectly legitimate business-related expenses that you cannot deduct
If you have health insurance, either through your employer or self, it's likely you'll get an IRS Form 1095 by January 31. Here’s what you need to know
If you’re self-employed, you ordinarily have to make quarterly tax payments (estimated taxes) to the IRS. Here’s what you need to know about estimated taxes
LLCs provide great flexibility when it comes to taxation. ✓ Learn how to file business taxes for LLC, their taxation steps, & different types here today!
S corporations aren't perfect. If they were, everyone would be using them.
A number of different types of tax credits exist in the tax code. Here are four valuable tax credits that millions of self-employed people can use.
If you own your own business and don't file a tax return, a lot of bad things can happen. Here's what you need to know.
Mileage tax, being taxed by the mile, is being tested in multiple states. See the arguments for and against it and how it differs from the gas tax.
The startup cost deduction lets you write off the expenses you had while getting your business off the ground. Learn the rules and how to write these off.
The IRS defines commuting as the transportation between your home and main or regular place of work. But is it tax deductible? Learn about the IRS commuting rule and what restrictions apply.
Receive a W2 and 1099? This post will guide you on how to file taxes as well as what deductions you may be eligible for.
These IRS forms are what you need for taxes if you're self-employed, a freelancer or a small business owner. Learn some tips for filling out these forms.
What the IRS counts as a business drive can have a major impact on self-employed and business owners who claim the mileage deduction.
A PTIN is vital for tax professionals. Here are the steps you need to apply for a PTIN, why you need a PTIN and how to renew a PTIN.
When you're a 1099 worker, your taxes may be a bit more complex. Here's how to file taxes with a 1099 tax form and what deductions you can use.
If you are unable to file on time, you can apply for a tax extension with the IRS and delay your filing due date for a time - but it's not without a cost.
Big paychecks come with big taxes. Fortunately, high earners can reduce taxes on their income. Here are 5 tax saving tips easily applied.
The 2019 federal income tax brackets and tax rates have been released by the IRS and it contains a few changes which could impact you at tax time.
When applying for loans, schools and housing, often they request a tax return transcript from the IRS, not a copy of your actual return.
Our tax pro answers how to deduct tolls on your taxes. Tolls deductible as long as it's related to business. But, what if your tolls are related to charity?
Bitcoin taxes can be a surprise for many who use the virtual currency. Learn what the IRS requires from your Bitcoin gains.
Pay your estimated taxes or you could wind up in trouble with the IRS. Here's what you should know about your payment options.
You can deduct computers on your taxes but make sure you're following the IRS rules. Learn when you should depreciate it or deduct entirely.