As per the IRS, you should be keeping a mileage log. That being said, we understand that can be difficult for small business owners to keep track of the mileage from each of their business trips. That is why we recommend finding a good mileage application on your phone to track your business mileage. They are very user friendly and provide you the mileage log you need to substantiate the deduction you take on your return.

Mileage is often one of the most substantial deductions a small business owner takes on his/her tax return, so it’s very important to have the needed documentation to support the deduction to reduce your risk in a potential audit.

We recommend trying out one of the following mileage tracking applications:

  • Mile IQ
  • TripLog