MileageWise offers quite a new approach to Mileage logging especially when it comes to Past Mileage Recovery.
The company provides a comprehensive solution for Real-time Mileage Tracking (with Monitoring-free Tracking Options) resulting in IRS-Proof Mileage logs. At the same time, they focus on making Recovering and Reconstructing Past, Lost, and Possible Mileage attainable without the help of an Accountant or any other Big Investment.
MileageWise has a two-platform formula to cover a full service for its users.
Mileage Tracker for Ongoing Tracking
The Mileage Tracker App is for recording Daily Mileage on the go.
1. Tracking options
The Tracker is equipped with automatic tracking options that were designed without continuous GPS tracking for Battery and Data Saving and also for Privacy Protection.
2. Odometer reading and past trip recording
Save odometer readings and previous trips either by adding them in the App or on the Web Dashboard and MileageWise will calculate the distance and deduction/reimbursement amount for the User.
3. Auto-classification and work hours function
Classify your mileage as business and personal (including medical, moving, and charity) and. by setting the working hours you have the ability to control the duration of the recording of your trips: during your set working hours each of your trips will be saved and outside of your hours, you have the freedom to completely stop the recording of your visits.
4. Support for multi-car use
You can easily track trips with the Mileage Tracker app and create separate reports for different vehicles from your MileageWise account.
5. MileageWise for Teams
Share your Mileage Log Web Dashboard with your Accountant and Coworkers. Your team on the go can track their Mileage and finalize their Mileage Logs at the end of the month or Your Admin Colleagues or Accountant can summarize and print their IRS-Proof Mileage Logs out for Them. No more begging for Documentation!
Web Dashboard for IRS-Compliance and Deduction/Reimbursement Maximization and Optimization
1. Built-In IRS Auditor on Your Side
The software monitors 70 logical conflicts in mileage logs and the so-called AdWise feature gives a recommendation for Lost or Possible (but missing) Mileage. This AI-based technology stores and applies period-compliant legislation and Mileage Rates while taking into account parameters pre-set by the users. This component ensures that the end-product will meet every expectation.
2. Trip List Import for Mass Contacts relocation
With this function, an Excel spreadsheet from Calendar entries or MileIQ, Triplog, MileCatcher (and other) reports can be imported into the Web Dashboard for further perfection.
3. Past Mileage Recovery
Mileage log reconstruction is a long-awaited gap filler feature on the market, as to this day, the task of reconstructing past Mileage was a complicated obligation often needing multiple sources, software packages, and occasionally the help of tax professionals.
Many still try to reconstruct their logs on their own or with unsophisticated/primitive tools but they soon discover that the task is more difficult than it first seems and handing in Mileage logs with Contradictions can result in a Fine worth 50% of a Tax Payer’s Yearly Income!
4.Deduction/Reimbursement Maximization
MileageWise strongly states that the success of a product lies in “concentrating on providing a solution for one highly demanded problem, instead of trying to cram as many features into a product as possible.” The software can be particularly useful if the users’ goal is claiming the Maximum amount of Deduction/Reimbursement possible after their Business Mileage, with mileage logs meeting the requirements of the IRS, even retrospectively. The IRS-proof Guarantee can come in handy in case of unexpected IRS Audits as well.
It’s for you if…
MileageWise can be a useful tool for Small Business Owners, Employers and Employees, Ride-share Drivers, and Tax professionals as well. An average of $12,000 in Tax Deductions per tax year can be claimed when supported with sufficient mileage logs.
And if there’s too much to do in too little time, busy professionals can take advantage of MileageWise’s additional service, where a MileageWise Expert will prepare an IRS-proof mileage log for them.
