Today’s video is an app spotlight for you! Do you use your personal vehicle for business? A lot of business owners do, so figuring out the amount of expenses you can write off is important. However, this process can seem overwhelming because you need to stay on top of tracking mileage.
How Does Writing Off Vehicle Expenses Work?
- Keep track of all of your vehicle expenses for the year
- Track your total mileage for the year.
- Track the mileage dedicated to business.
- Calculate the percentage of total mileage that was business-related.
- This is the percentage of expenses you can write off for business!
The problem is… tracking mileage can be a pain in the butt!
You forget to check what it’s at when you get in the car. Or you forget to write the mileage down when you finish your trip.
Or you just don’t WANT to have to write down and keep track of all of these numbers in order to do calculations later.
That’s where the app ‘Driver’s Note’ comes in.
This app allows you to track your mileage for personal and business trips in just a few clicks.
Simply download the app, get in your car and let the app know if your trip is for business or personal. The app will track the mileage of the trip for you and at the end of the year you’ll be able to easily see what percentage of your mileage was for business.
If you forget to end the trip when you arrive at your destination, don’t worry! After a period of no longer moving, the app will automatically end the trip for you. (Just make sure you’re not heading out for a walk or jumping on a train when you arrive)!
Check out today’s video to learn more about writing off vehicle expenses and how to use the app. Remember to like this video and subscribe to our channel if you enjoy!
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