Track mileage:
Using your phone’s GPS, the Taxbot application will automatically track your business mileage. Simply tap the "start mileage tracking" button and stop it when you reach your destination. You can also use the platform online to calculate mileage easily. No more time consuming mileage logs or odometer readings!
Store receipts:
To protect yourself from an audit, it’s important to track and record all expenses to ensure you’re complying with IRS standards. Taxbot allows you to take a photo of each receipt, enter information about the purchase, and store it all conveniently. Not only does the Taxbot application get rid of the unorganized box of receipts on your desk, but it also alleviates the stress of being audited.
Combine expenses and trips:
For most business owners, thousands of dollars in deductions are lost because it’s difficult to capture them as they’re happening or find the time to organize expenses and trips later. With Taxbot, you can easily link your expenses to appointments and mileage in one touch. How convenient is that?
Safe and secure:
So, what happens if you lose your phone or your computer dies? Taxbot has that covered, too. All records and receipts are stored securely online, in the cloud. This also allows you to access these records from virtually anywhere and even add expenses or track deductions in real time.
Expert tips:
You will also receive 24/7 access to tax tips from Sandy Botkin, North America’s #1 small business tax trainer. Learn how to deduct 100% of medical expenses, deduct your entertainment, and even write-off car expenses.