BQE Software Offers Free Automatic Mileage Tracking to Core Users


This post is brought to you by BQE Core

How would you like an extra $2,800 tax deduction at the end of the year?

For 2018 (filing your taxes in 2019), the IRS lets you deduct 54.5 cents per mile for business purposes. So, if you drive 100 miles a week for business, that’s a potential mileage deduction of more than $2,800!

However, to get that sweet tax deduction, you’ve got to keep proper records. 

According to the IRS, your mileage log must include, at a minimum, for every trip:

  • The time and date of travel

  • Your starting point and destination

  • A description of the business purpose for your travel 

Failure to keep a proper mileage log could result in an expensive tax bill if you’re audited and the IRS disallows your mileage deduction. That’s why the best thing to do is keep a contemporaneous mileage log — in other words, record your travel every time you take a business trip.

But the last thing most people think about as they get out of the car is tracking miles.

BQE Core Time and Expens...
Sponsor via Archinect - News http://bit.ly/2mDdffd

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