If you are looking to join the Top Dasher club, this guide is for you. We cover the top Dasher requirements, how to re-qualify, if it is worth it, and more.
Many businesses struggle with mileage reimbursement. Today we’re going to focus on the modern way to approach employee mileage management.
Expense reports track and organize work expenses. These reports help employees get reimbursed for business expenses that they paid for with their own money. Get the facts and a free template in this guide.
Everlance Business is mileage reimbursement for the 21st century. Whether you need a FAVR or CPM program, we've got you covered. We’re excited to combine our #1 mileage & expense tracking app with a powerful admin dashboard to help organizations manage their mileage & expenses.
Just by using Everlance Business, Hoffman Beverage saved hours of administration time, cut costs, and ensured salesforce effectiveness. Learn more about how Hoffman Beverage uses mobile mileage and expense tracking.
With Amazon Flex and Amazon FBA (Fulfillment by Amazon) increasing in popularity, it's time to level-up your strategy. We have the best tips to help you earn more fast.
As an entrepreneur, your time is valuable, especially when you're working on a side hustle along with your job. Making the most of every moment is essential; that's why we created this list of top productivity tips to help you reach your full potential.
Are you interested in the gig economy? Then, you'll want to check out this post. We cover how much you can make with top gig platforms, like Uber, Lyft, and more.
Ready to test your Honda CivicX knowledge? Take the quiz to see if you really know your car facts. Plus, some throwbacks to its launch.
Are you ready to level-up your DoorDash strategy? Here are the best tips from pro Dashers on Reddit.
A mileage tracking app may just be the best shortcut to maximizing your deductions as a self-employed person. Learn more about what mileage tracking apps and how to maximize your tax deductions here.
Overwhelmed by how much you owe on taxes? You can set up a payment plan. Learn more in this guide.
If you're looking to save on mileage, then FAVR may be the right employee mileage reimbursement program for you. It's a tax-efficient program that is customized to your mobile workforce. Learn more.
Are you looking to learn more about fuel-efficient cars? Here is the ultimate guide to fuel-efficient cars, from how they benefit the environment to how to decide if you should get one.
Whether or not you’re new to self-employment, it can be overwhelming to understand and pay quarterly taxes. That's why we created this comprehensive guide to your quarterly taxes.
If you’re self-employed, there are an overwhelming number of options to saving on medical expenses and Health insurance. Generally, there are three options to deducting health expenses and it is important to understand the differences between each.
As a Shopper, it's important to maximize your tax deductions to save money at tax time. Read on for the top deductions for Shipt Shoppers.
Meet Tax Vault; the answer to how to automate saving for self-employed taxes. Learn more about Tax Vault and how you simplify your self-employed taxes.
Everlance has received a number of inquiries from our California users about Prop 22 and the $0.30/mile reimbursement calculation. That’s why we asked the team at Block Advisors to help shed some light on this issue.
The IRS has announced the E-File Open Day for Tax Season 2021. Starting on this date, the IRS will start accepting and processing tax returns. Get the details about the Open Day and more in this article.
Not sure if you need to fill a Schedule C Form out? Keep reading for general guidelines that will help you decide if you need to fill one out and, if so, how to complete it.
2020 has been a challenging year for many businesses, and the last thing you need on your plate as January approaches is to stress out about tax deductions. If your employees transport packages, deliver food, visit clients all over the country, or do any other sort of work that requires them to drive, you might be overwhelmed by the math that goes into figuring out how much you owe them for their business miles and what reimbursement method to use. That’s why we’ve provided all the basic information you need to make the process as simple as possible.
If your employees are required to drive on the job, you want to be assured that they won't be breaking traffic laws or getting into accidents. Learn more about how you can ensure that your employee is a safe driver.
Employees from all different fields have begun working in their homes. This is a new experience for many. That's why we created this guide for employees to learn more about how they can get reimbursed from work, while they work from home.
Filing taxes as an independent contractor can be confusing—that's why we created this guide to filing taxes as an independent contractor. Learn more all the information you need to get your taxes done right.
For decades, independent contractors who drove for work had no method of tracking their mileage besides keeping a pen-and-paper mileage logbook. But now there is a better way—using a mileage tracker app that does the work for you. Learn more about why you need a mileage tracking app in this article.
In April 2020, the federal government started the process of depositing stimulus payments into eligible individuals' bank accounts that have direct deposit setup. Learn more about these stimulus payments and get your questions answered here.
Starting April 10 2020, independent contractors and self-employed individuals can apply for the Paycheck Protection Program (PPP), part of the government’s Covid-19 stimulus. Learn more about this program and whether you qualify here.
At any time, being an independent contractor can be complicated—add a pandemic and things can get even more overwhelming. That's why we've pulled together resources for independent contractors to consider during the COVID-19 pandemic.
In response to the COVID-19 pandemic, you may have seen that the recent Coronavirus Aid, Relief, and Economic Security (CARES) Act will allocate $350 billion to help small businesses keep workers employed. The key small business policy initiative here is the “Paycheck Protection Program” (PPP) which will be fully backed by federally guaranteed loans. Learn more here.
A bit of good news amidst the Covid-19 outbreak. Due to the outbreak, the IRS has extended the federal tax filing and payment deadline. Learn more about the extension in this article.
Being self-employed can be complicated. That's why we created this guide to filing your quarterly taxes during the COVID-19 pandemic. Get the facts on your quarterly taxes here.
Most of us aren’t auto experts, and that’s okay. As long as you keep track of your mileage and stay up to date on a regular car maintenance schedule, you’ll know what to ask of your mechanic and can avoid many of the problems that arise from vehicle neglect. It also helps to keep a car maintenance log and adhere to the following servicing schedule.
If your job requires you to drive your personal vehicle for work, your employer likely offers an incentive in return for the wear and tear you're putting on your car. Most companies often provide this incentive in the form of a cent per mile reimbursement plan or a flat-rate car allowance. Learn more about which one is better for employees here.
IRS Publication 463 sets the rules for companies to help them determine what business expenses are tax-deductible. This helps the self-employed understand what can and cannot be deducted on their taxes. Get the details on IRS Publication 463 here.
The Canada Revenue Agency (CRA), which is the Canadian equivalent to the IRS, recently announced its 2020 income tax deduction limits and expense benefit rates that will apply when using an automobile for business purposes. Referred to as the Automobile Allowance Rate, this rate is not a fixed value, and just as the U.S. Standard Mileage Rate, it can change slightly year over year.
Beginning January 1, 2020, the IRS Standard Mileage Rate for personal car use will be 57.5 cents per mile for business use, 17 cents per mile for medical and moving mileage and 14 cents per mile for charitable organization mileage. Learn more about the Standard Mileage Rate here.
If your company has employees who drive on the job, one of your concerns is likely how to reimburse them for the miles they drive for business. A key tool for mobile companies is the Standard Mileage Rate. Learn more about the IRS Standard Mileage Rate and how to appropriately reimbursed employees here.
If you’ve just started working in a new line of work, you may be overwhelmed by all the jargon involved. Employers may want to know if you are bonded and insured, licensed and insured, licensed and bonded, or maybe even all three, but what do all these terms mean, exactly?
Does your company need someone with a specific skill set to take on a short-term project? Do you have an employee who is taking a brief leave from their job? Are you hesitant to hire new employees for permanent positions? Learn more about hiring temporary employees.
Being an independent contractor comes with more tax responsibilities than if you were an employee. But the good news is that you can also take advantage of more tax breaks and deductions. Let’s go over the differences between being an employee and independent contractor.
On September 19, 2019, Apple released iOS 13. With this release, we are seeing updated features that may affect your automatic trip tracking feature in Everlance. We want to ensure that you are tracking all those miles and deductions.
Business owners, HR executives, and payroll managers have several factors to take into account when deciding on an employee mileage reimbursement policy. Let’s review the considerations and best practices below when it comes to employee mileage reimbursements.
Tampering with a car odometer means much more than a discrepancy between actual mileage and the number that’s shown on the odometer. In the United States, changing or altering an odometer reading is a federal offense, and it’s one that costs consumers over $1 billion annually. Learn more about the signs of odometer fraud here.
Being an independent contractor comes with more tax responsibilities than if you were an employee. But the good news is that you can also take advantage of more tax breaks and deductions. Let’s go over what you need to know when filing taxes as an independent contractor.
Are you curious about the states with the highest and lowest income tax? Well, we've got the facts on these states. Except for specific individuals who are exempt, the majority of us have to pay federal income taxes. What we pay is based on our yearly income, which determines the tax bracket we fall under. In addition, you may also have to pay state income taxes. The amount you pay in state income tax is dependent on where you live, with state tax rates ranging from zero to 13.3 percent.
If employees need to drive often to perform their jobs, businesses can either provide their staff with a company vehicle or have employees use their own personal cars for work. While offering company cars may seem like a good investment, there are tax considerations to keep in mind. Learn more about company vehicles here.
Doctors making house calls may be a thing of the past, but providing healthcare services outside of medical offices and hospitals have grown exponentially over the past few decades. As a result, home healthcare has become an essential business, offering valuable outpatient services to the elderly and as a viable treatment for many other health conditions. Learn more about home health mileage tracking here.
The IRS has some strict rules on driving for work. Whether your commuting miles can be written off on your taxes is dependent on many factors and specific instances of your work-related trips. Get the facts in this rule here.
If you’re in the market for a car, consider the sticker price before making your final decision. Car depreciation, or the loss of value on your vehicle over time, will affect the overall financial impact of your buying decision. Learn more about car depreciation here.
Today we are releasing our newest iOS only beta feature, Instant Deduction Finder. Over the last two years,thousands of users on both iOS and Android platforms have been recording and organizing their business expenses with Everlance Premium. We are excited to add this new powerful feature to Premium.
Operating your vehicle is a considerable expense when you take into account your car payments, insurance, gas, maintenance and more. It can certainly make a significant dent in your monthly budget. The good news is that if you’re self-employed, you may be able to write off some of these expenses if you use your car for business purposes too.
For the 2018 tax year, there’s a new tax law in place which offers a 20 percent for qualifying small business owners and those who are self-employed. Officially called Section 199A of the Tax Cuts and Jobs Act, this deduction can allow you to deduct up to 20 percent of your business income that you report on your personal tax return.
Even if you know very little about the specifics of tax deductions, you’re likely familiar with the idea of deducting business expenses. To accurately track your spending on business-related purchases, you should make an effort to organize receipts and store your receipts associated with those transactions. In this article, we'll help you figure out how to organize your receipts.
Running a business can be complicated—that's why we created this guide. In this guide, we'll help you calculate the Gross Profit Margin for your business.
Do you know the definition of Adjusted Gross Income? Well, that's why we created this guide. Your AGI is your gross income minutes your adjustments. Learn more about AGI and how to calculate it in this article.
The good news is that 2019 kicked off with relatively low gas prices. An oversupply of oil on the world market lead to a steady decline in the price of fuel. With the national average gas price at $2.25 at the beginning of January, it’s actually the lowest price since 2016 for this time of year.
Managing a mobile workforce can be overwhelming. That's we put together the best tips for building a company mileage reimbursement program. We'll cover how to calculate reimbursement rates for oyur employee mileage reimbursement program.
As a small business owner, there’s a lot to navigate when it comes to mileage reimbursement. If you have employees who use their own car for work purposes, what are the best practices for mileage reimbursement? Small businesses can use below as a guide, or GPS, for showing them the way on how to adequately compensate for business mileage.
Are you starting a business venture this year or in the beginning of 2019? Get off to a good start by familiarizing yourself with the Schedule C tax form. In this article, we'll walk you through everything you need to know about the Schedule C Form.
Interested in the gig economy? Well, this post is for you. We cover the gig economy’s challenges, size, and trends —as well as how House of gigs and Everlance can help independent contractors succeed.
Managing mileage reimbursements can be overwhelming. That's why we're covering the top mistakes companies make when managing and reimbursing employee mileage. Learn more.
The Canada Revenue Agency, also referred to as CRA and the Canadian equivalent to the IRS, allows residents to deduct business mileage on a cost per kilometre basis. This is known as the CRA Mileage Rate or the Automobile Allowance Rate, and just like the U.S. Standard Mileage Rate, it is not a fixed value and can vary year to year.
With so many new features coming out recently, we thought it would be great to hear from the creators on what inspired them to design and build these features. This week we sat down with our Lead iOS Engineer to pick his brain on the progression of iOS coding and what are someone of his favorite Everlance features.
Are you looking for a straightforward, IRS compliant Excel mileage log template? Our free downloadable Excel mileage log will help you track your mileage manually and contains all the information you’ll need to meet IRS standards.
If you are an Uber driver, or a driver for any other rideshare company such as Lyft, you are considered an independent contractor, not an employee. As an independent contractor, you are self-employed and therefore, you'll need to file your taxes accordingly. It's essential that you maximize your deductions.
We want to help small businesses make the most of their money, so this year we've created a 2018 small business tax guide to help prepare you for upcoming changes to the tax code. Learn more about this year’s new tax legislation and what it might mean for your small business.
Small business financing can be one tough road to go down, as funding your small business is no easy task. Today, we’ll discuss how to make the right financing decisions for your small business, as well as what factors to consider when borrowing money for your venture.
Deciding to start a new business is very exciting, but with any new business venture, feelings of doubt and anxiety often come along with it. The ambiguity of if and when a new business will become profitable can be scary for many potential business owners. Then, there are the actual costs of starting a business to consider. In this post, we'll cover important business startup costs.
Tax time is quickly approaching in Canada and Everlance wanted to make sure our Canadian friends up north were prepared for savings.
Do you drive a personal vehicle for business? Do you drive a company car, truck, or van? If so, you need commercial auto insurance, as you won’t be covered under your personal policy for accidents occurring while you are working. Commercial auto insurance is designed for vehicles being driven for business purposes; depending on your business, you may need the coverage offered by commercial auto insurance.
If you’re a real estate agent, you likely use a vehicle for work most days. All of those miles spent traveling to various properties and meetings with clients add up, and you’re able to deduct business-related mileage and expenses when you do your annual taxes. Learn more about what this means for your taxes in this post.
The two most important factors for companies to be successful with expense management are keeping a close eye on business expenses to determine where and how certain costs may be reduced, and the automation of expense tracking and reporting. Learn more about the best practices for expense management in this post.
If you own a motorcycle and use it as a primary business vehicle, you could be taking a mileage deduction on your taxes. However, taking a motorcycle mileage deduction is different from the IRS Standard Mileage Rate and you won’t be able to apply the standard mileage rate to your motorcycle. It is therefore important to keep detailed records of your expenses in order to calculate the actual amount you are able to deduct.
A non-disclosure agreement, or NDA, is a valuable document that helps ensure the confidentiality of your key business information. A well-crafted NDA protects your business from people who would use your information for their own benefit and outlines your path of recourse should you need to take action against another party. Having a NDA in place can be invaluable in protecting your company ideas and information.
Documenting travel expenses, the bane of many employees' existence. Whether you work in sales, marketing, or simply travel a lot for business, you probably hate tracking & filing expense reports. They’re time-consuming and must be detailed down to the most minute of expenditures, and it can be difficult to remember which expenses you need to include in your report.
Do you know what an EIN is? If not, read on to learn more about Employer Identification Numbers.
Today we’re releasing Everlance bank and credit integration on Android. We launched Everlance 1.0 as a better way to document your business mileage. Why keep a paper mileage log in your glovebox if you have a supercomputer in your pocket that can communicate with a satellite?
Amber is working hard to turn her photography business into a full-time career. While she is building her business, she also drives for Uber to help make ends meet (and tries to have something of a social life).
If you have ever processed a reimbursement or tried to write down a log of your mileage and receipts for you company, then you know the headache that it can cause. Every year companies spend hundreds of hours processing mileage and receipt reports.
From 2 - 2,000 employees, Everlance Teams can handle your expense management needs!
Do you work from home, or conduct a significant amount of business while at home? If you use part of your home for your business, you may be able to deduct some of the expenses for the business use of your home. Learn more in this post.
There are many expenses associated with owning a car, but one of the most frequently recurring (and potentially frustrating) is fuel costs. Yes, maintenance can be costly, but fuel, whether gas or diesel, is an expense that cannot be stretched or put off for another couple hundred miles; when you need it, you need it, or you won’t reach your destination. Learn more about how to save money on gas in this post.
Learn more about how to form a business and the different forms it can take: Sole Proprietorship, LLC, LLP, S Corp, or C Corp.
Tax time is quickly approaching in Canada and Everlance wanted to make sure our Canadian friends up north were prepared for savings.
Wondering how long to keep tax records? Well, this post is for you. We've got the details on how long to keep your tax records.
Learn more about the partnership between Everlance and Wonolo.
Are you wondering if you should give your employees company cars? It's a common question. Get the facts on whether you should do this in our guide.
Have you asked, "Do I have to reimburse my employees for their company mileage?" If so, this post is for you. Get the answer to your question here.
The IRS released their 2019 Standard Mileage Rate and it looks like the rates have changed. Learn more the latest Standard Mileage Rate.
Running a small business can be complicated—that's why we created this guide. Learn more about small business mileage and expense tracking and how it can help your business.
Freelancers use Everlance to help them save at tax time. They do this by tracking mileage, expenses, and revenue. Learn more about how they use Everlance to keep more money in their pocket.
In order to properly track mileage for tax purposes, the IRS has a short, but strict set of rules that every person must adhere to if they're going to claim mileage-based deductions on their tax return.
According to recent federal self-employment statistics, nearly 27 million Americans will leave their full-time jobs from 2017-2020, bringing the total number to 42,000,000 in the U.S. alone.