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
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.
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 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
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.
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
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
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,
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
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,
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