MileTrax™ is an early stage self-funded start-up company. Our company’s key strength is our diverse and wide-ranging technology expertise.
Mission Statement
It is the mission of MileTrax™ to provide our customers with products that will simplify mundane tasks and provide greater efficiency in mileage reporting. We hope to facilitate an open and honest relationship with our customers. We welcome your suggestions and feedback.
The problems associated with mileage tracking take many different forms, but we'll address a couple of different categories: Individuals that track mileage for filing on IRS tax schedule “C,” and vehicle fleets that are managed for a business.
Problems Faced by Individuals:
Deducting car mileage on an IRS Schedule "C" requires maintaining a log of business and personal miles. It is a tedious manual process that normally requires a paper logbook and daily attention to the entry of odometer data. To summarize the data at year's end, hours are spent calculating mileage totals. For a large percentage of filers, guesswork is the preferred method of tracking - leading to significant underreporting.
What is the cost of ineffective reporting, inefficiency, inaccuracy and stress in your life?
Solution:
MileTrax™ is a simple pushbutton/LED user interface that allows users to indicate "Business," "Personal,"and "Other" miles. It tracks miles driven, time, date, and type of trip. It has a USB interface to a PC with an easy to use software program that allows users to annotate, manage and export the trip information. MileTrax™ allows for greater efficiency and less stress when communicating mileage information in tax preparation. MileTrax™ removes the tedium from compliance with IRS regulations.
At just 50 unreported miles per week the tax filer is losing $1,020* per year in tax refunds. MileTrax pays for itself in less than 4 months. As an investment, MileTrax can generate a two-year ROI of over 500%.
Problems Faced by Fleet Managers:
Tracking mileage of individual vehicles in fleets presents many of the same problems that individuals face. Fleet managers have this problem multiplied over several vehicles. This means a lot more data. Companies that pay employees a mileage reimbursement are dependent on data that is currently tracked by employees directly on an honor system. Even the best intentioned employee can make mistakes in calculations or can employ inconsistent tracking practices. This current flawed process could cost companies thousands of dollars annually.
What is the cost of ineffective reporting, inefficiency, inaccuracy and stress in your business?
Solution:
MileTrax™ provides an objective and accurate way to collect data which can mean greater efficiency and integrity in the mileage reporting process. Our software program allows the fleet manager greater ease in reconciling data from multiple vehicles which protects the integrity of the data and saves companies two of their most precious commodities: time and money!
* Calculated for tax year 2006 with adjusted gross income of $60,000 with 50 miles per week for 50 weeks. Your actual savings may vary.
