- Ease Of Use
- IRS Compliance
Everlance is a great solution to the problem many business owners and freelancers face which is logging miles. In order to deduct mileage, an accurate mileage log is required. Everlance offers this and other expense logging software through both a free plan and a paid plan.
30 trips per month on the free plan
Simply swipe left and right to categorize trips
Users find $6,500 in deductions per year on average
Accurate mileage reporting for IRS compliance
You need a paid plan for over 30 trips per month
Whether you are self-employed or a small business owner, it’s crucial to keep track of every single expense. That usually means hanging on to those little paper receipts, which never stay organized, or jotting things down in a ratty notebook. Then, you face the daunting task of making sense of it at the end of every month.
Certain activities behind the wheel can be written off if you own a business or have some kind of side hustle. For example, real estate agents can write off their mileage when driving to and from showings. However, you need to keep an accurate mileage log in order to be compliant with the IRS. If you are audited and unable to prove your trips were work related, you could end up in hot water.
Missing receipts or other proof of expenses can cost you money! You are more likely to make mistakes when you are working with disheveled receipts. And unless you’re a CPA, there is also a very slim chance that you have up-to-date knowledge about the latest business tax deductions. You could be losing out on tons of deductions that you don’t even know about for your business-related expenses.
To the rescue is Everlance, an app that will replace your disorganized system – if you even have one – with a streamlined, easy to use, up-to-the-minute procedure. It is time to ditch the notebook and pencil in the glovebox for a much better system.
If you’re self-employed, any driving you do for business reasons makes you eligible for tax credits from the IRS. You may have been relying on paper mileage logs for years, or even using a computer program or your cell phone to track it, but in today’s busy times, who needs that hassle? It’s time to make that task simpler and far more accurate.
Sadly, many who could potentially receive these tax benefits go without them due to the hassle associated with manually tracking mileage.
There are tons of jobs that fall under the category of self-employed and require plenty of miles on the road. You may be a delivery driver dropping off food or other items, a sales person driving around to medical offices, a real estate professional going to open houses every weekend, or even an Uber or Lyft driver. Or you could be an independent contractor doing wedding photos, DJ services, delivering flowers, or entertaining at birthday parties. These are also jobs that entail driving from one worksite to another and they all qualify for tax credits!
How reliable and helpful is Everlance’s mileage tracker? It was recently named the best mileage app for Uber and Lyft drivers.
There are more advantages of having a digital marketing log. An important one is making it far easier to pick up on errors. You can potentially save more money in tax breaks when your logs are more accurate. You are also less likely to forget to log your miles when you have an automated solution like this.
How Everlance Works
There is no user manual involved!
All you have to do is download the Everlance app, go through the initial start-up procedure, then get behind the wheel of your vehicle and start driving. Your phone will automatically detect when you are driving even if the app is closed, and take care of counting the miles you have drive
All you need to do is classify your trips as business or personal. This could not be simpler; just swipe left or right on the screen. If you like, you can customize your personal settings in a different way to track miles in a manner that makes the most sense to you.
There are other deductions to consider outside of mileage. Take into account the wear and tear on your vehicle, tolls, and other small costs that quickly add up. You typically need proof of your expenses on paper if you are doing it yourself. Ever asked a toll booth collector for a receipt? Everlance makes keeping track of these expenses easy-peasy.
You can link Everlance directly with your bank account for automatic business expense tracking. You can also snap photos of receipts to store them digitally. All of this information can be organized into easy to understand reports automatically.
Between mileage and expenses, Everlance users have recorded up to $6,500 in tax deductions in one year alone.
Maybe you qualify for immediate reimbursements for your mileage and other travel expenses. By having them consolidated in one accurate place, it makes the process quicker and easier to understand.
Meet IRS Specifications
Everlance will make sure you have expense and mileage logs that are IRS compliant. You can rest easy knowing there shouldn’t be any inquiries once your taxes are filed.
For 2020, here are the IRS specifications on mileage write offs:
- 57.5 cents per mile driven for business use.
- 17 cents per mile driven for medical or moving purposes.
- 14 cents per mile driven in service of charitable organizations.
Everlance has some high-profile clients, including Coca-Cola, Sherwin Williams, Xerox, Century 21, Republic Parking and Abrazo Community Health Network. This list is proof Everlance is designed for large and small businesses, as well as people who are self-employed.
Automatic Tax Savings
If you’re self-employed, you also face the annual task of paying taxes on your earnings.
Many people wait until April rolls around and grit their teeth as they calculate what they owe in taxes.
Do away with that stress! Everlance has a service for automatic tax savings taken out monthly to avoid being hit with a big bill every Spring. This is great for freelancers who have inconsistent income without tax withholdings.
You can withdraw funds at any time if you’re in a bind.
Finding Tax Deductions
Here's another automated solution from Everlance!
Sync your bank account and credit or debit card and let them know what you do for a living. In under a minute, their technology will scan all your transactions looking for tax deductions ranging from a few dollars to hundreds.
Everlance uses 256-bit security, that’s the same as large financial institutions. You can rest easy knowing that connecting your accounts to Everlance is safe and secure.
The basic plan is free and includes 30 automatic trip detection per month, unlimited receipt uploads and IRS compliant reports related to your line of work.
Premium is $5 per month when billed annually, or $8 per month when billed monthly. This plan includes unlimited automatic detection, more advanced PDF and Excel reports, as well as a specialized deduction finder.
Every new user starts on the Everlance premium trial to see if you want to buy in to this level. If you decide not to stay with Everlance Premium after the trial has ended, you can then go with the basic free plan.
Premium+ is $10 per month when billed annually or $12 when billed monthly. This plan includes all of the premium features, plus valuable customized one-on-one training with an Everlance account manager and additional VIP support.
With all the plans, you will always have access to your data and be able to manually record trips, receipts and transactions.
In today’s economic times, it’s a challenge if you are an independent contractor or business owner. You are focused on the day to day operations of your venture. The last thing you want to be focused on is manually logging mileage for a tax deduction.
Sadly, many business owners end up skipping this deduction because in the past it was such a hassle.
Now, you can easily log your mileage in an IRS compliant fashion without a paper log. It is also a useful app for expense tracking. For those who take fewer than 30 trips a month, or around one per day, you can get away with the free plan.
If you end up paying for a subscription, not only is that an additional write off, but this service will likely end up paying for itself.