mileage

A collection of 29 posts

IRS

Demystifying Mileage Deductions: Understanding Business, Commute, and Personal Trips According to IRS Guidelines

Understanding the classification of your trips—whether they fall into the categories of business, commute, or personal—is crucial when it comes to claiming mileage deductions as a self-employed individual. By adhering to IRS guidelines, you can ensure accurate deductions and maximize your tax benefits. Let's dive into the definitions

expenses

How to Save Money on Vehicle Expenses: Tips for Small Business Owners

As a small business owner, one of the biggest expenses you may face is the cost of operating a vehicle for your business. From fuel and maintenance to insurance and depreciation, the expenses can add up quickly. However, with some careful planning and smart choices, you can save money on

mileage

Minimizing the Risk of Mileage Fraud with GPS-Based Mileage Tracking

Mileage fraud is a common issue that affects both employers and employees. It can occur in many ways, such as employees exaggerating the number of miles they traveled for work purposes, or claiming mileage for personal trips. This can lead to inaccurate reimbursement claims, which can cause financial loss for

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?

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.

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

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

android

Hey Android, Don't Kill My App!

Many Android devices include a "Smart Manager" or "Battery Optimizer" which kills background-running apps like mileage trackers and alarm clocks. What can you do to circumvent this?

vehicle

Track Only the Drives You Need

We're excited to announce the latest version of Psngr app (4.2.0), with Beacon Only mode that tracks just the drives you need. The latest release of Psngr app allows you to log only those trips that you make with a specific vehicle. This means the app will only

law

10 strange driving laws!

he world is a funny place and across the globe we abide by very different laws. Driving a vehicle is not exempt from this, check out some of the weird and wonderful laws that different nations abide by. 1. Driving in Thailand without a shirt on is prohibited. Its seen

mileage

Track Business Mileage in Portugal

Transporte em automóvel próprio, driving your own car on business in Portugal is tax-deductibe. The mileage rate is €0.36 per km and is available in Psngr app.

vehicle

About Beacons, Geofencing and Mileage Tracking

We've written Psngr app to detect all your trips automatically on your mobile device. This year we're introducing Psngr Beacon, for superior accuracy and automatic vehicle detection.

mileage

Finland - 5 driving facts you should know!

At Psngr we recently updated our mileage rates for Finland (2018 it is €0.42 per km tax-free).  As part of this update we decided to dive a little deeper and find out the driving habits of the Finn's. Here are a few facts that you may not be aware

IRS

2018 IRS Standard Mileage Rate for Business Travel is 54.5 cents

The IRS has recently published the standard mileage rates for 2018. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: * 54.5 cents for every mile of business travel driven, up 1 cent from the rate

reports

Your Monthly Mileage Report

In Psngr 3.1 we've introduced Mileage Reports. Mileage reports are generated automatically based on criteria you define in advance and include a list of all your trips in a given period. Here's how easy it is to set up your personalized mileage reporting in Psngr: * Open Psngr app > Settings

fraud

5 Safeguards to Prevent Mileage Expense Fraud

$40,000. That's the median loss for a company per single expense reimbursement fraud case. According to the 2016 Report to the Nations on Occupational Fraud and Abuse, expense reimbursement fraud - in which an employee makes a claim for reimbursement of fictitious or inflated business expenses such as travel

mileage

Are you accurately logging expense mileage?

In a previous job, I regularly worked at other offices.  My role required me to travel most weeks and as a result, I was temporarily relocated to an office 65 miles from home. I was able to claim 45p per mile and 5p extra for any colleagues that also required

mileage

5 ways to manage your business mileage!

Pen and Paper:  Outdated, time consuming and inaccurate however, much of the UK still logs business mileage for tax reimbursement manually. Remember, all UK mileage logs need to be kept for 5 years - that's a lot of trees! Spreadsheet:  A step up from pen and paper and it's presented

HMRC

5 Questions you need to ask when claiming mileage expense in the UK

1. Can I claim mileage in the UK? Most employers will pay your mileage expenses however, if they don’t, or they don’t cover the full amount you can claim back the tax from HMRC. 2. What’s covered? If you travel for work you may be able to

logbook

4 Data Items You Must Track in Your Mileage Logbook to Claim Tax-Deduction

Are you commuting or driving on business daily? Your travel expenses are tax-deductible! You should take advantage of the tax-rules allowing you to deduct travel expenses from your taxable income! Claiming tax-deduction for travel expenses isn't hard, but requires some preparation and, most importantly - proof. If you claim certain

Release notes

Introducing psngr.co

We've just released a new update of Psngr app - the fully automatic mileage logbook for iOS and Android - and I wanted to take the opportunity to introduce psngr.co, the web dashboard that simplifies expense reporting. psngr.co provides some robust tools for generating travel expense reports and

tax

Tax Deductible Car Usage

If you use your car for business travel, the expenses can be tax deductible. Even though your daily commute to and from work doesn’t actually count (wouldn’t it be awesome if it did?), the other expenses incurred can add up resulting in a sizable deduction at the end

tax

10 Countries That Let You Deduct Travel Expenses

If you travel on a daily basis, you may be eligible for a hefty tax return on your travel expenses. Several countries around the world accommodate for tax-deduction of travel expenses for various purposes. Within each country, you will find clear regulations defining which expenses are deductible, who can deduct

IRS

Doing Charity or Out On Medical Leave? Don't miss out on these tax deductions!

Did you know that business travel is not the only type of deduction you can submit to the IRS? Trips made for charitable or medical purposes count too! Charity-related deductions Deducting mileage expenses relating to charitable activities can be handled through the Standard Charity Mileage Rate, or by deducting the