Tracking Business Mileage

Do you scramble at the end of every year trying to figure out your mileage to claim on your business taxes? If you have a hard time keeping track of this important deduction here are a few tips we have received from our clients. If you don’t have a mileage log in your car just throw a small notebook in your glove box to keep track. Do you use a smart phone or Palm pilot to keep track of your appointments. Why not put a notation right on your appointment information of the distance to your appointment. You can easily look up this information online through Map Quest or Yahoo Maps. Did you know you can usually turn your mileage in to your accountant or bookkeeper monthly to avoid any last minute scrambling and trying to remember what part of your mileage was business or personal? Your mileage can really add up over time and is worth taking the little bit of extra time each month to make sure you have it all documented. Let us know of any other tips you have to make this process easier.