There are more and more people today who are freelancers and self-employed. These types of workers often get a discount on their taxes every year for the mileage driven in their vehicles. The mileage driven in their vehicle can be used as a tax write off.
There are many ways to track the miles one uses for their day to day business. The self-employed and freelancers often find themselves in the iStore or the Google Play Store testing out every mileage tracking app there is. With the ease of making apps today, it is becoming more and more of a complexity to find the perfect app for what you are doing.
With so many apps to select from, it might be a difficult task. However, most of these apps for mileage tracking are similar to each other. There are many pros and cons for each of them. These pros and cons are about the same for each of these apps. The mileage tracking apps will not be too difficult a task when selecting the app based on pros and cons alone.
The benefits of most of these apps are they will take a running total of the deduction you will receive at the end of the year. Some of them will take a real time total and some of them will only show the total at the end of each trip. There are ways to keep track of the mileage and a keeping track with these apps is easy. The biggest benefit you will enjoy with an easy to use mileage tracking app is the convenience of use.
One default of these apps is that for most of them you have to pay a monthly or annual fee. This fee of course is collected through the app store and is used for upgrading the app most of the time. One more default of these apps is that most are manual to start and stop. This means they will not automatically track a trip for a customer. The customer must first let the app know they are about to start a trip, then of course that they have completed their trip.
With so many apps like MileIQ, Everlance, and Quickbooks Self-Employed, it might be a difficult task to figure out which one is best for you. Many of them will offer a free trial for their premium service. However, you might need to provide credit card information to do so. This free trial will allow you to decide whether the app has the features you are looking for.
The only alternative you have as a freelancer or self-employed person is to get the hardware installed on your vehicle. This will track mileage automatically without the need for you to tell the software you are starting a trip and when you complete a trip. However, they are often expensive to install. Also, you will need to configure the tax deduction yourself. You can do this throughout the year by keeping a hard copy log of your trips.