To Expense or Not To Expense
Posted by web2expense on July 19, 2008
To Expense or Not To Expense
When it comes to mileage expenses or travel expenses you need to keep good records for your claim.
As the 2008 mileage expense rate increased to 58.5 cents per mile business usage of your personal car can become a major federal income tax deduction. With today’s mileage expense rate 10,000 miles equate to $5,850.
However, there is a catch. If you do not keep good records and get audited this claim can be hard to prove. Take a look at Web2Expense – Mileage Expense Tracker, a free expense tracking tool to keep track of your mileage expenses. You will be happy you did…
PS. Web2Expense – Mileage Expense Tracker is Apple iPhone compatible.
