Best Mileage Tracking Apps for Taxes
Timeero – One of the Best Mileage Tracking Apps for Taxes.
The best mileage tracking apps are the ones that allow businesses to record accurate mileage information whenever their employees drive for business-related purposes. Mileage tracking is critical for most businesses today because it can save the company thousands of dollars annually. For any company with a focus on the bottom line, a good mileage tracking app is critical.
The IRS allows businesses to take a mileage deduction for every mile driven for business purposes. The published mileage deduction rate for 2020 is 57.5 cents for every business mile. This represents significant savings for companies because, for every 1,000 miles driven, the company can get back $575. This shows how important the best mileage tracking apps can be!
Timeero offers one of the best mileage tracking apps in the industry, with accurate mileage tracking, down to the last mile. Mileage tracking with Timeero is also easy to use- all you have to do is clock in and Timeero will start to track your mileage automatically. Once you clock out, Timeero will calculate your mileage for the duration of time you were driving while clocked in. It doesn’t get any easier to use!
With simple and easy to generate mileage reports, you can quickly generate your mileage for each pay period. This provides you with a valid record of miles driven, so when it comes time to file your taxes, all you have to do is check your Timeero reports for the right number of miles to claim. This saves you time and money because you don’t have to guess and potentially underestimate or overestimate your business mileage driven.
Timeero offers a wide range of solutions, in addition to one of the best mileage tracking apps in the industry, at a very affordable price. Our employee time tracking app also gives you full visibility into the location of your employees at any given time, when they are on the clock. This allows employers to ensure that their employees are where they are supposed to be during the workday, and not anywhere else.
Timeero also has a great scheduling feature that is powerful and easy to use. With Timeero scheduling, managers and supervisors can easily create or edit employee schedules with a few simple clicks. Schedules are then pushed out to employees in real-time, so employees always have the most up to date schedules. This ensures that your business always has adequate staffing. Schedules can be set to repeat on a weekly or monthly basis, and this saves time creating schedules for employees who work the same schedule every month.
With Timeero, mileage tracking and scheduling are a breeze. Additionally, Timeero syncs with both Quickbooks Desktop and Quickbooks Online, to easily process timesheet data for payroll purposes. This is a huge advantage, and saves employers a lot of time every payroll cycle since they no longer have to deal with paper timesheets or with trying to manually calculate employee hours worked and payments due. With a few simple clicks, all of that information is processed and ready to go, making payroll a quick and painless process.
For any business that is serious about saving a good amount of money annually, Timeero should be part of their workforce management tools. With accurate and easy to use mileage tracking, you will never have to guess again, how much you drove during the year, when it’s time to file your taxes.
Get in touch with us today to see how we can save your company thousands of dollars each year, by providing you with one of the best mileage tracking apps in the industry!