What Exactly is an "Audit-Ready" Report? (And Why You Need One)
Don't fear the taxman. Learn what makes a mileage log "audit-ready" and how MileLog helps you generate CRA-compliant reports instantly to protect your tax savings.
Tax season can be scary. The word "audit" makes every business owner nervous. You know you can save money by deducting your business mileage. But you also know that the tax office (like the CRA or IRS) is very strict. If they ask for proof of your driving, a messy list of numbers might not be enough.
You need an audit-ready report. But what does that actually mean?
It Meets All Tax Requirements
An "audit-ready" report is a document that follows the strict rules set by the tax authorities. It is not just a guess.
MileLog allows you to generate audit-ready reports that meet all these tax requirements. This means the report includes all the necessary details to prove your claims are valid. It is professional, organized, and designed to satisfy the taxman.
It Separates Business from Personal
To get your tax deduction, you must clearly show which trips were for work and which were personal.
MileLog makes this easy with simple classification. You just swipe right for business and swipe left for personal. The final report clearly shows this data, proving that your business kilometers are legitimate.
It Helps You Save (and Keep) Money
Why is this report so important? Because it protects your money.
By tracking your kilometers properly, users can see significant savings on their taxes. An audit-ready report ensures that if you are checked, you have the proof to keep those savings. You get CRA-ready reports (or IRS-ready) specifically for tax time, so you don't have to scramble at the last minute.
How to Get Your Report
You don't need to be an accountant to create one.
If you use the Premium plan, you can generate these detailed reports instantly. You can even email reports directly to your accountant or to yourself for safekeeping.
Summary
Don't risk your tax refund with bad records.
Use MileLog to track your driving automatically and generate CRA/IRS compliant reports with a single click. It is the best way to have peace of mind during tax season.