Vancouver, BC (PRWEB) February 20, 2013
Small-business owners may want to double-check their tax returns next year. A majority of small businesses run by sole proprietors may have under-reported expenses that would have reduced their taxes this past year, a new poll suggests. The top under reported expenses included mileage and advertising expenses.
According to the survey, mileage expenses could have been claimed by small-business owners on trips ranging from visits to clients to a trip to the post office for work purposes. People can expense mileage at 56.5 cents per mile.
MileBuddy offers the easiest and fastest way to track a car’s mileage and expenses. With the IRS announcing their tax deduction rates of is 56.5 cents per mile for 2013, people can make the most of these rates by keeping track of the miles they drive for their businesses, charities, or medical reasons. MileBuddy makes it extremely easy to log a trip, even for multiple vehicles. “Most leading mileage tracking apps are just too complicated to use” said Peter Yun, CobbySoft Media Inc.’s Product Manager. They scarified usability to try to appeal to the international market. MileBuddy has its focus set in its root - North America.
“The most comprehensive mileage app of them all, MileBuddy allows you to track mileage, graph out trip expenses, and even export the data to CSV" - techcrunch.com. Apart from CSV and Microsoft Office compatible Data Import and Export and emailing HTML and CSV (Excel-friendly) reports, this iPhone application also enables data backup. Custom settings such as km vs. miles, defining the date range of each report, and viewing report totals by deduction categories are some of the user-centric features of MileBuddy.
“Out of all mileage tracking apps on the App Store, MileBuddy is the best because of its executive summary screen and its best in class mileage entry screen” - mastable.com This IRS compliant iPhone application also offers international support (km/miles, custom rates, etc.) and users can see the deduction amount for each trip. Its intuitive native iPhone interface also incorporates an incomplete trip badge on home screen icon and when changing vehicles, there are odometer screen updates.
To download the Paid version of MileBuddy, visit https://itunes.apple.com/us/app/milebuddy-best-mileage-log/id567680604?mt=8 and for MileBuddy Lite, visit https://itunes.apple.com/ca/app/milebuddy-lite-best-mileage/id583620658?mt=8
For more information about CobbySoft Media Inc., visit http://www.cobbysoft.com/ and to send them feedback and suggestions regarding their latest iPhone application MileBuddy, write to them at support(at)cobbysoft(dot)com