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Keeping track of your business mileage and expenses has
never been easier or faster.
You can track your mileage for
several vehicles at the same time and the program will remember your mileage and
expenses for you. With the IRS hiring more auditors in an effort to increase tax
revenues they are looking more closely than ever before at those who travel on
business and the records that they keep. It's easy to get bogged down in
everyday work and travel and lose track of IRS mileage, when and where you go on
business and many times we just forget to enter the miles or places we go.
Mileage Track makes it easy to enter you mileage daily, weekly or monthly and
creates reporting that will blow the socks off an auditor. The program even
tracks both the mileage rate expense that your employer allows if any as well as
the IRS mileage rate at the same time. but it also Prints your mileage log based
on any date range with miles broken down into Business, Personal, Commute,
Medical or Charity mileage as required by IRS publication 463. Entering your mileage in the Mileage
Track software is quick and accurate. Simply type in the type of travel for each
day and the program will track it for you. Each time you log mileage the ending
odometer mileage is stored in the vehicles file. When you enter another trip for
that vehicle the software show you the last odometer reading for that vehicle as
Last Miles. If you begin your trip with the same mileage reading enter
that in the Begin Miles column. If you begin the business portion of the day at
another point enter the new mileage in the begin Miles field and the software
will compute the difference as commute or personal mileage. Accurately show your
allowance mileage and mileage reimbursement to show how much tax mileage you can
deduct on your income tax.

Log mileage for multiple
vehicles at the same timeYou can use
several automobiles in your business travels over many years and Mileage Track
will track the mileage and expenses for all of them year after year. There is no
time limit like other mileage log software programs when you have to pay year
after year, again and again. This mileage log software will track your mileage
and expenses combining them into a expense report that can be printed for any
time period by choosing a beginning date and an ending date.

Mileage rate reimbursement for
employees that travel for business and use their own automobile depends largely
on the company reimbursement policy or expense policy of each company and varies
widely. Some employers pay a reimbursement amount of so many cents per mile or
offer a car allowance. In most cases the amount of reimbursement that a company
pays is less than the mileage rate reimbursement or IRS mileage rate that you
can take as a business deduction for business mileage. The difference between
what you are reimbursed per mile by your employer and the IRS mileage rate is
tax deductable. To claim this deduction you should have good documentation of
your business mileage in the form of a mileage log showing the date, destination
and business purpose for each trip. If you drive your vehicle or more than one
vehicle on business each day such as an outside sales person or service agent
you need to document each days activity to show how many miles that you drive
for business and how many miles on each vehicle are personal mileage. Even if
you file for the standard mileage deduction you need to be able to prove what
percentage of total miles driven were for business purposes. If your per mile
reimbursement from your employer was $0.32 cents per mile and the current IRS
mileage rate was $0.55½ cents per mile you can claim the difference between the
two mileage rates at $0.25½ cents per mile as a tax deduction.
This is where good record keeping
come into play as the IRS will want you to prove you mileage in an audit. The
IRS is looking more closely at business expenses and especially at business
mileage. many people do not keep good accountability of their mileage and if
audited they could be denied the tax deduction if the auditor determines that
the documentation is incomplete or inadequate and does not met the mileage
standard under the IRS policy on business mileage and expenses. For more
information on the IRS policy for business travel expenses and mileage log
requirements go to IRS.GOV and search for publication 463. This outlines the
record keeping requirements and time periods. IRS mileage expense is published
in IRS publication 463 each year along with current allowance mileage and
mileage standard.
Many people use a spread sheet to
create a mileage log and expense report, print it and then fill in new
information over the previous data. With the Mileage Track software system you
enter your mileage and expenses into a form and then print either an expense
report that combines your mileage log and expense receipts together on print
each by themselves for any date range. Mileage Track software is a database
program and not a spread sheet. You can enter your information at any time and
store it for many years. You can even go back and print corrected expense
reports and mileage logs if you find an error or you forgot to enter a trip.
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