New 2020 IRS Rates – $0.575

Uncategorized
Remember to change your "Previous Year" and "Current Year" rates in MyRideTrac. All of your 2019 mileage is now being reported as "Previous Year" mileage. The new IRS 2020 mileage rate is $0.575/mile So, your settings screen should look like this before sending yourself your 2019 mileage report/spreadsheet Previous Year Rate: $0.580 Current Year Rate: $0.575
Read More

How I use MyRideTrac – I designed it for Rideshare

general rideshare
Hi, My name is Ken.  I designed MyRideTrac specifically for Rideshare because I didn't think the other guys out there did it right.  No offense to them.  They do good work, but I wanted to know some very important things they don't address... so what to do?  How about design and develop an app just for Rideshare drivers - MyRideTrac! So, here is how I use MyRideTrac every day. First, I start MyRideTrac and leave it running in the background.  I put it in STOP mode when I am not driving or at dinner, etc... When I leave the house, I bring MyRideTrac up from the home screen and press NORIDER.  If you start MyRideTrac it will default to NORIDER mode. When I get a rider alert, I accept the…
Read More

Learnings after almost 2 years of driving X, XL and Select

general rideshare
I started driving Uber in April 2015.  I was at the Chicago Auto Show with my buddy and we dared each other to start driving Uber.  Boy was I nervous on my first ride.  In fact, I muffed it because I actually picked up two people going to two different locations and ended the ride at the first drop off.  My rider saved me by starting another ride.  Here I am two years later.  I drive only Select now.  Less miles, more bucks.  It' that simple. What have I learned? Be courteous and polite. Always have a smile on Be willing to listen... or be willing to ride quietly.  I gauge willingness for my rider to talk by see where their eyes are.  If they are "heads down",  the do…
Read More
Can I enter catch up miles & expenses

Can I enter catch up miles & expenses

Uncategorized
I bought MyRideTrac after the first of the year.  How do I enter catch up miles & expenses. Right now, the best way is to enter the data directly into the spreadsheet that you can send your self using the SEND REPORTS feature.  You get a summary email and a detailed spreadsheet attached that you can edit directly.  This is what you want to give to the Tax Man. We are working on designing a feature that will allow you to enter catch up miles & expenses right into the app.  You will also be able to enter negative amounts to correct errors.
Read More

Tax deduction rates for the US, UK, Canada, Australia, India…

general rideshare
The Tax deduction rates vary by country.  MyRideTrac is designed to support all simple rate or expense-based tax deduction rules.  Here is an example of the rules: US - $0.54 per mile (RIDER and NORIDER miles) or actual expenses - whichever is greater.  Typical expenses include: Fuel, Insurance, Tires, Repairs, Washes, Phone Expense, Lease payment, Depreciation on vehicle.  If you are self-employed, the list is even longer and may include Health Insurance, office space, electricity and more!  If you use expenses, you must prorate them between business and personal use.  MyRideTrac tracks your business (RIDER/NORIDER) and personal use (PERSONAL) UK - flat rate (45p for first 10,000 miles, 25p after 10,001 miles) or actual expenses which may include: Fuel, Insurance, Tires, Repairs, Washes, parking and more.  There are different rules…
Read More