Let’s face it, most MLM and home-based businesses need to track deductible business mileage, travel, and moving expenses. That all adds up and means annually you can save considerably by making tax deductions on your car when used for business.
The only downside being tracking all your business mileage requires meticulous record keeping. Without a GPS mileage tracking app to automate things that would quickly become a paperwork headache.
Taxbot has tools for helping you record and organize this information. It will also help tracking other expenses like repairs, maintenance, tags, licenses, insurance, car wax etc. Taxbot is both IRS and CRA compliant. Programmed with the latest business mileage rules, as well as having all the tools for tracking your MLM business tax deductibles, all of which makes your annual tax reporting a breeze!
See how Taxbot can track your business mileage and tax deductions, here’s the first video in the MLM Tips series.
You can watch other MLM Tips videos in the series here.
MLM Tip #2 – Meals That Make You Money
MLM Tip #3 – Double Your Fun with Entertainment Deductions
MLM Tip #4 – Home Office: A Tax Deduction Goldmine
MLM Tip #5 – Sample Your Way to Success
If you can also read my Taxbot review here:
How To Turn Your Business Expenses Into Tax Deductions With TaxBot
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