How to Properly Deduct your Mileage | Schwan and Associates tutorial of Everlance

Are you taking the correct percentage from your Business Mileage? Jeff from Schwan and Associates is here to explain a fast and efficient way to make sure you are correctly deducting your mileage. He will review how to set your percentages and what percentages your business should be using. Everlance is Schwan and Associates preferred choice for tracking business and personal miles. Everlance is very much like TripLog in that it doesn’t just track your mileage, but your vehicle expenses too. The app automatically tracks mileage using your phone’s GPS and groups it into trips so you can categorize it as either business or personal. This feature, combined with expense swiping and receipt capture, allows you to compare whether deducting actual expenses like gas, maintenance, and car washes will get you a bigger tax benefit. You can find more about which vehicle expenses you can Claim on your taxes here: http://schwancpa.ca/2018/02/13/vehicl... Video by Anticipation Media Inc. Schwan and Associates is an Edmonton, Alberta, based cloud accounting firm.