Types and Benefits of Mileage Trackers
Many drivers like using apps for tracking the mileage they travel every day they work because this helps them get a deduction of the amount of taxes they pay by the end of the year. Keeping track mileage for your business is a smart move because you to keep a record of the total amount of miles you drive by the end of the year. Many people are not aware of the fact that for every mile you drive every day you get a right to charge $0.545 against their earnings. This is a lot of money one can save because for every 100 miles they drive they get can deduct $54.50 from their gross earnings hence they end up reducing the amount of taxable amount.
Therefore, there are many advantages of using apps for tracking mileage especially for small businesses that are always looking forward to reducing their taxable amount per year. There are numerous types of mileage tracking apps out there that you can choose from depending on the size of your business. There some mileage tracking apps that are easy to install and some can be complicated to use and those are commonly used by larger businesses because they have more advanced features. For small businesses they can use tracking apps which can be literally installed in your phones, the app will record the mileage you drive so long as you have the phone with you.
Best Apps for Tracking Mileage
There are numerous tracking apps that you can choose depending on what you specifically need. The good thing is that despite the difference in features and ways of installing, all of them serve the same purpose of keeping records of your mileage. Some of the things to consider while choosing a tracking app are the price and its accessibility on different platforms.
Out of all types of tracking apps, one is considered the least in terms of price and fanciness. Although it has all the necessary features that a mileage tracking app should have, it has no added feature that can attract its users. However, is the most recommended app for small businesses because it is cheaper and easy to use. It is also the best app for those people who do not want their taxes to be calculated.
Another mileage tracking app is the best for those people who would like to pay their taxes on time. By using this app you will be able to pay your tax because all you need to do is connect it with your bank or credit card accounts and it will calculate the total taxes you are supposed to pay and it will also assist you to remember the dates you are supposed to clear the payments. Some of the unique features that this app has include limitless automatic mileage tracking, a summary of tax calculations, ability to add income and expenses manually. These features make the app best for small businesses.