MileageWise BlogTips, tricks, information about mileage logging straight from the CEO

1099 Tax Calculator for Freelancer Tax Management

Last Updated: November 26, 2024 Managing 1099 taxes might seem like a tedious task, one that makes you dread tax season. But, once you have a clear overview of the process and the right tools, it becomes manageable. This guide aims to simplify the tax preparation process for freelancers, independent contractors, and anyone in need of…

Mileage Log: The Key to Maximize Your Deductions

Business owners and self-employed people might find making the most of their tax deductions challenging. However, many overlook a simple strategy that can lead to significant savings: mileage log creation. A mileage log serves as an essential document for saving on business travel expenses. This guide explores the benefits of mileage logging, listing its advantages,…

Self-Employed Quarterly Taxes: The Basics

Understanding and managing quarterly taxes can be challenging for the self-employed, including freelancers, independent contractors (e.g. DoorDash drivers or Spark delivery drivers), and sole proprietors. This article will walk you through the most important aspects of self-employed quarterly taxes. It will offer a detailed look into calculating estimated tax payments, understanding due dates, avoiding penalties, and…

Tracking Business Expenses: Your Guide to Financial Success

Every business owner can agree that they have a lot on their plates. From finding clients and optimizing their products to managing expenses. In this guide, we are aiming to ease your burdens by helping you master the art of tracking business expenses. Whether you're a seasoned entrepreneur or just starting your journey, understanding the…

Home-Based Business: Secrets For Maximum Tax Home Deductions

Last updated: April 18, 2024  In the evolving landscape of modern work, the concept of a "tax home" has become increasingly relevant, particularly for those venturing into the realm of home-based businesses. Understanding the home-based business concept goes beyond its simple definition; it's about grasping the full scope of what it means to operate a…