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A collection of 29 posts

Here's Why Driving a Compact Car Gets Money in Your Pocket

Here's Why Driving a Compact Car Gets Money in Your Pocket

It isn't exactly breaking news: driving a compact car, or even a small sedan is a lot cheaper than a large sedan or SUV. This is especially true if you are using this car on business, thanks to IRS standard mileage rate. Here's why: A recent report by AAA shows

Do Not Use Actual Expense Deductions Until You Read This!

Do Not Use Actual Expense Deductions Until You Read This!

Business travelers in the USA have two possibilities for deducting expenses. Both methods involve keeping accurate records, but one may be superior to the other based on your situation. These methods are the Actual Expense and Standard Mileage Rate methods. The Actual Expense Method This method involves the recording of

4 Things You Need to Know About US Mileage Deductions

4 Things You Need to Know About US Mileage Deductions

If you're anything like me, you drive a lot. Do you also know that some of these trips can be deducted from your income tax? This can be done through the use of the IRS Mileage rate. 1. What is the IRS Mileage rate? The IRS Mileage rate is rate

Classify trips with Psngr 2.2

Classify trips with Psngr 2.2

One of the prominent new features in Passenger v2.2 is trip classification. It's easy: just add a note with tags to your trip. Here's how: Last week I logged a return trip from the office to a client in the city. I opened the trip details and added the