Travel Mileage Reimbursement

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Travel Mileage Reimbursement is Important to Your Business

The IRS allows certain businesses to get reimbursed for travel related expenses.

Note: Check with your tax preparer.

You  need to remember that the wear and tear you are putting on your vehicle will eventually take its toll on the vehicle. Not to mention the parts that are wearing out as you use the vehicle for work.

Things like tires, belts, batteries, brakes, etcetera. All of these things cost money, money that you will have to come up with.

In order to get reimbursed for travel, you need to track your mileage.

The Profit Pal App has Map Pins that you set for each job’ and the App calculates the distance for you.

Based on the amount of reimbursement you choose that calculated amount will show up in the Mileage Expense box.

Traveling to that particular job. That also will get added to your fuel expense for a total Travel Cost.

Date mileage incurred: Typical Per mile reimbursement rates by years

$0.575 per mile                 January 01. 2015 to present

$0.56 per mile                    January 01, 2014 to December 31, 2014

$0.565 per mile                 January 01, 2013 to December 31, 2013

$0.555 per mile                 July 1, 2011 to December 31, 2012

$0.51 per mile                    January 1, 2011 to June 30, 2011

$0.50 per mile                    January 1, 2010 to December 31, 2010

Note: Check this out with your Tax preparer

 

 

This is just another way that the Profit Pal App will help your business. Profit Pal App Tutorial Click Here!

The Profit Pal Team

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Travel Expenses

 

Get Paid When You Roll Your Vehicle!
Get Paid When You Roll Your Vehicle!

Travel Expenses and getting to the Job

It’s important to get paid for your Vehicle.

Your vehicle is an important part of getting the job done.

If you really want to be the best at making the most money for your company, you really should be using the Profit Pal App for every job that you bill.

The Profit Pal App helps you to maximize the amount of money you make on every job because it allows you to account for things.

Stop assuming that you know your numbers and get the actuals every time. That’s an advantage that you get when you use the Profit Pal App to bill your jobs.

Your competition will undoubtedly be missing many of the areas that you will have accounted for. It’s very important that when you roll your service truck to that new job that you were actually compensated correctly.

In time you will need to purchase a new truck and since you included a reasonable amount to help compensate for the wear and tear on your current vehicle, you will be in a better position to get the new one when the time comes.

Many tradesmen fail to account for these types of cost, and so doing do themselves a disservice. Profit Pal was designed to help you receive the compensation you deserve when billing the jobs.

Another area that gets neglected is to charge a surcharge or overrides on the materials that you include in the job. Many tradesmen can add an additional amount in this area. This is above the cost of the materials and is usually charged for securing the materials. Profit Pal allows you to account for this as well.

Hopefully, you are starting to understand Profit Pal and how it can work for you! Profit Pal App Tutorial Click Here!

Thanks

The Profit Pal Team

 

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