Talked to my accountant yesterday and she made me feel dumb about mileage tracking | Year End Tax Tips - Freelance Forum - The Community for Independent Professionals
Talked to my accountant yesterday and she made me feel dumb about mileage tracking
I told her I just use a notebook to log my drives for client meetings and she said I'm probably missing 30% of my deductions. She showed me one of those apps that tracks every trip automatically and it tracks way more than I thought. Anyone have luck with those or do they drain your phone battery too fast?
I switched to MileIQ two years ago after my accountant gave me the same talk. My phone battery takes a hit but it's not terrible if you close other apps during long drives. I was shocked the first month when it showed I had almost double the trips I wrote down. The app catches every little run to the bank or supply shop that I would never remember to log. It paid for itself in extra deductions that first year alone.
Yeah the battery thing is real but honestly I just got a car charger and it solved everything. The sneaky trips are the ones that add up fast. I was leaving out all those quick stops for supplies or the bank and probably missing like 30% of my mileage before I switched over. One thing I learned the hard way is to double check the app once a week and swipe through the trips. Sometimes it logs stuff that's personal and you gotta flag it right or it'll mess up your records come tax time.
Battery drain is the obvious downside but nobody talks about how MileIQ quietly eats up your data plan if you're not on unlimited. I got hit with overage fees my first month before I realized I could set it to wifi only for classifying trips. Caught that in time?