![]() Their view is pretty simple (if not understandable): No proof – no deduction! But, the IRS requires documentation for every business-mile deducted. Using an app on your phone to track business miles can prove equally distracting. ![]() Writing down mileage & business purpose every time you get in or out of the car (to keep what the IRS calls a contemporaneously recorded mileage log) can seem a ridiculous waste of time and momentum. Now, I know tracking business mileage can be a major hassle. Every 1,000 miles that go unrecorded costs about $190 in income and self-employment tax! For the average real estate agent who drives over 20,000 business miles a year, a month or two of lax recordkeeping can result in paying thousands in addition tax! That’s a family vacation traded for the convenience of NOT tracking your business miles. If you think failing to track vehicle business use causes an immaterial loss, think again. Why? They fail to record their business miles accurately! Unfortunately, many owners who qualify for this deduction fail to take full advantage of it. One of the largest tax deductions available to those who drive extensively for business - especially real estate agents who virtually live in their cars - is the business auto deduction. I have worked with real estate agents and small business owners for many years to help minimize their taxes.
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SolidWorks Corporation today unveiled 3D ContentCentralSM, a free online directory of downloadable, three-dimensional computer-aided design (3D CAD) parts from leading component manufacturers that will help engineers reduce design time and bring products to market faster. In the early 2000s, Solidworks introduced 3D Content Central, Check the press release here – Solidworks 3D Content Central slashes design time by helping engineers quickly find and download CAD parts. ![]() Yet, the industry brought anything that connects an entire population of mechanical designers and 3D MCAD users with a solid content library and business model. How to provide the mechanical design community access to a growing library of products available and connect engineers working on different products together? 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