Browse Category: Mileage Tracker

2018 IRS STANDARD MILEAGE DEDUCTION RATE

2018 IRS Standard Mileage Rate

IRS LogoNOTE: The 2018 Standard Mileage Deduction Rate has not been released yet. We will update this article as soon as the rate is available.

Every year the IRS updates the Standard Mileage Deduction Rate and no matter what type of driving you do, if you drive for business purposes, moving or charitable causes – the 2018 IRS Standard Mileage Deduction Rate is there to help you easily deduct your mileage.

For those of you wondering why you’d use the standard mileage deduction rate instead of itemizing expenses for actual costs, you do have a choice. You can use one or the other, but you can’t use both.

The IRS has attempted to simplify the deduction process for everyone with the standard mileage deduction, however you’re not required to use it – you do have another option. Continue Reading

Real Estate deductions

10 Common Tax Deductions For Real Estate Agents

Your job as a real estate professional is hard enough. You’ve got to bend over backwards to get seller listings and hustle to get buyers. You’re driving back and forth from the office to potential clients to open houses and more. It’s how the job works and when you do it right, the hard work can really pay off.

Today we want to look at common tax deductions for real estate agents. Deductions that may seem small but can really save you a lot of money.

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Business mileage tracker

Business Mileage Tracker

Everlance was created to help alleviate the time-consuming task of manually logging business mileage for each and every business trip. Over 250,000 users agree, Everlance is the best business mileage tracker app and only improving.

Why do I need a Business Mileage Tracker?

With the rising price of gasoline, drivers are more intent than ever on being reimbursed for every mile from tax deductible trips, whether as an employee or freelancer. After all, the costs are being passed on to them for a business purpose – why not deduct it or get reimbursed?

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Expensify alternatives

Expensify Review: Expensify vs. Everlance

Expensify Review

Expensify LogoIn the third part of our review series we’re going to take a closer look at a Expensify: receipt and expense tracker.

At first glance it may seem that Expensify & Everlance wouldn’t make a good head-to-head comparison. They seem to do 2 different things. That is until you look a little deeper and compare appropriate plans. It’s then that you’ll see how much the 2 apps have in common.

Expensify handles expenses well. This includes tracking receipts and dealing with automatic reimbursements. In fact, you’ll find that their top plan has some pretty advanced features for big businesses with many employees.

However, what about those smaller companies & freelancers? Do they need automatic reimbursement or to manage employee vacation expenses? Or to integrate with expensive ERP platforms?

Probably not.

This is where we feel in a true apples-to-apples plan comparison, Everlance is a better value and a better product. Everlance handles expenses, business revenue and reporting, but it also does something Expensify doesn’t at any price point – it automatically tracks business mileage!

In fact, the average Everlance user finds over $6,500 in IRS deductions using our app!

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