Why People use a Car Logbook

Claiming vehicle expenses on your tax return is a significant tax benefit. Use this handy calculator to see how much your claim can be worth to you.

IRS standard-mileage-reimbursement rate:

• 2011 - 55¢
• 2010 – 51¢
• 2009 – 55¢
• 2008 – 58.5¢

The Best Way to Log and Track Mileage

As a business owner or independent professional, you may already have tried to keep a car logbook but found that the hassle of entering trip details manually into a paper log was just too onerous. Do not despair – today’s GPS technology and the internet come together to offer you a variety of solution to accomplish this goal.

GPS technology allows for automated location recording, and the internet allows for a streamlined way of managing information. Together, they are used to offer excellent automated mileage log.

The ultimate mileage logging solution would:

• Record every business trip – date and destination
• Separate business trips from personal ones
• Identify commutes between home and office
• Automatically fill in the business purpose of the trip
• Ignore meaningless intermediate stops for gas or coffee
• Generate a mileage report which is meaningful to your accountant and the tax man.

Milo™ automated car logbook does all this and more !