New GPS technology saving the self employed and business thousands!
Springfield, Missouri - March 17, 2011 - Regardless of the rising cost of fuel and motoring, the IRS mileage reimbursement rate has been cut by 14% over the last 2 years.  Starting from a high of 58 cents a mile in 2008, it was slashed to 55 cents in 2009 and then again to 50 cents in 2010.

Keeping a logbook is an essential part of vehicle usage for all business and the self employed. But the IRS knows that this is always a weak area and is now targeting mileage records as the first strike point.

With government income streams drying up, the IRS is looking hard for new revenue sources. Mileage records are proving to be an easy target.  Recently, taxpayers have been reporting an increased rate of correspondences requiring them to justify the mileage claims on their tax returns. This seems to have been directed particularly at the self employed and small businesses. What is also apparent is the level of details they are requiring. No longer are generic descriptions of A to B acceptable, but they are now wanting times, trip purposes and even zip codes. On top of that it’s become common practice to perform spot checks on the distances. This has obviously increased the number of deductions being refused and penalties for false declaration being issued.

Employees using company cars often think they are...