The CPAdvantages GPS mileage logger allows you to keep accurate records of all your travels. Simply place the device in your car and periodically plug it into your computer to upload the data to our website. You will then have a complete and accurate records of all your business travel to insure you do not lose your mileage deduction.
Why Use the GPS Mileage Tracker System
Keeping written records of your mileage is now more important than ever. As of July 1, 2011, the deduction for business use of your car increased to $0.555 per mile. This means that if you forget just one 5 mile trip per week your taxable income will increase by almost $150 for the year. It only makes sense to keep accurate records of all business trips.
But as you might expect with this greater tax benefit available from claiming your mileage deduction, will come greater scrutiny from the IRS and greater responsibility to prove the legitimacy of the deduction. In other words, the IRS will expect you to be able to prove you were where you were when you claimed to be there and that you had a genuine business reason for being there. If you are not able to produce adequate documentation, not only will the deduction be disallowed, but you could be assessed penalties and interest.
