Psngr

IRS

IRS Tax Deduction of Vehicle Expenses: Cents-per-Mile or FAVR?

The IRS offers two primary methods for claiming vehicle expenses: the standard mileage rate and the fixed and variable rate (FAVR) method. Which Method is Right for You?

HMRC

How to Claim Vehicle Expenses Based on HMRC Guidelines

If you're a UK employee or self-employed person who uses your personal vehicle for business purposes, you may be able to claim mileage expenses on your tax return. However, it's important to understand the guidelines and requirements set by HM Revenue & Customs (HMRC) to avoid mistakes and potential penalties. Keep

IRS

Navigating Mileage Deductions for Self-Employed Professionals in the US

Mileage deductions can significantly reduce your taxable income and help you save money on taxes as a self-employed professional in the US.

CRA

Maximizing Your Mileage Deductions as a Self-Employed Professional in Canada: Understanding the CRA Guidelines

Claiming mileage deductions can help self-employed professionals in Canada save money on their taxes. Understand the CRA guidelines and use tools like Psngr to simplify the process, in order to maximize your deductions while minimizing the risk of errors and audit.

IRS

How to Track and Report Business Mileage Expenses in IRS Form 1040

Business mileage expense record keeping for IRS tax deduction: what you need, how to easily record your mileage, and what to report to the IRS.

IRS

How to Report Vehicle Expenses for IRS Tax Deduction

The IRS provides several methods for reporting vehicle expenses. The simplest method is the standard mileage rate. Here's what you'll need in order to report vehicle expenses at tax time.

company car

Employee Private Car vs. Company Car - Which is Better for The Employer?

Providing a company car to employees can have many benefits, but it also involves significant costs, risks, and overhead for the employer. As an employer, you should carefully consider the specific needs of the business and its employees before making a decision on whether to provide a company car.

CRA

CRA Kilometre Rate: Per-KM Allowance in Canada 2023

The CRA Kilometre Rate is the standard mileage rate published by Canada Revenue Agency (CRA) for the purpose of calculating the deductible costs of operating a vehicle for business purposes. The CRA standard mileage rate is higher in the territories compared to the provinces. This is due to the higher

company car

IRS Fringe Benefits: Personal Use of Company Car

In the US, the IRS lists 4 alternative methods for calculating the value of the personal use of a company car.

mileage

Why Psngr is More Reliable than Manual Mileage Logging

Are you tired of manually logging your mileage and expenses? Do you worry about the accuracy of your records? Psngr is here to help. Our app automates the tracking process, making it easier and more reliable than ever before. Here's why Psngr is more reliable than manual mileage logging: 1.

mileage

Why You Should Use an App to Track your Miles

Transportation costs money, and whether you're driving your car, cycling to work or using public transit - your work-related trips are business expenses and are therefore tax deductibe. This means that you can get those expenses reimbursed, tax-free. Here are the most obvious reasons for why you should track your

company car

Private Use of Company Car: Tax Rules in the UK

In the UK, if you use a company car for personal use, you may be required to pay tax on the benefit of having access to the car and/or the fuel costs. This is known as a Benefit in Kind (BIK). Business vs. Private Use of a Car The

IRS

How to Calculate Vehicle Depreciation based on IRS Guidelines

If you own a vehicle that is used for business, you can claim vehicle depreciation as a business expense. In this article, we cover when and how you can do this.

IRS

IRS Mileage Rates 2023

IRS standard mileage rates are meant for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purpo

commute

Can I Deduct or Reimburse Commute Travel Expenses?

Commuting costs between your home and your regular place of work are generally not tax deductible. The IRS considers commuting to be a personal expense. However, if your office is at home, that's a different story...

fleet

Fleet Management with Psngr

Managing a pool of shared company vehicles does not have to require expensive GPS hardware or complex software integration. Psngr offers a simple, turn-key solution for companies with dozens of vehicles and drivers. Psngr app runs on the driver's mobile phone and uses the GPS and motion sensors on the

IRS

Employee Vehicle Expenses - The IRS Accountable Plans

A short overview of the methods defined by the IRS as "accountable plans" for reimbursement of employee vehicle expenses.

delivery

The Key to Optimizing Delivery Driver Profitability

Psngr is an ideal tool for couriers working with UberEats, Doordash, Grubhub, Deliveroo, SkipTheDishes, Instacart, Postmates, or AmazonFlex. Understand your true cost per mile and optimize for profitability.

Mileage Logging for Delivery Drivers

Are you a delivery driver working for DoorDash, UberEats, Instacart, AmazonFlex, GrubHub, Deliveroo, or SkipTheDishes? We have just released a new feature in our mileage tracking app Psngr that's tailored just for you. The new feature allows you to filter trips based on business, or purpose, using hashtags. For instance,

AI

Psngr v4.8 Introduces AI for Automatic Trip Classification

Psngr v4.8 introduces the automatic classification of trips using AI. Your mileage tracker has just gotten way smarter!

AI

How we Auto Classify Rides using Machine Learning

We're excited to introduce a new service in Psngr app version 4.8: Automatic Classification of trips. Auto-classification uses the latest Machine Learning (ML) techniques in predictive data analysis and utilizes the excellent Scikit-learn framework in order to automatically assign hashtags (i.e. classify) newly logged trips. What is ride

delivery

How to Make More Money from Doordash, UberEats or Amazon Flex Deliveries

ou've decided to sign up as a driver for Doordash, UberEats, or Grubhub. The gig usually takes little time to start, pays frequently, offers flexible hours, and could be a great way to make money. But earnings can fluctuate, and you'll have to cover your own costs, such as gas,

company car

How to Save Taxes on Personal Use of Company Car

What is the "personal use" of a company car? When you drive a company car, the "personal use" is the mileage you drive for personal purposes and is considered a benefit in kind, or extra income, from a tax perspective. As such, the "value" of the private use of the

Privacy

Welcome to our EU Data Center

At the end of May we migrated our services to an all-new data center in Europe. While this move addressed GDPR compliance, it also allowed us to increase our system's scalability and availability.

app

Using Psngr app on Multiple Devices

This post is intended to clarify how Psngr mileage logging works when you install the app on multiple mobile devices, with a single user account.