Calculate business mileage: Complete guide and tips to get your trips reimbursed

Mobility runs through our DNA. One of our core undertakings is solving the mobility needs of companies. This is a thorough guide on how to calculate mileage for tax deduction purposes, elucidate some of the technical jargon, and provide you with useful tips. Whether you use your private car to go from one meeting to the other or for the transportation of goods for your company, there are some tax benefits you can enjoy. We will explore what calculation of mileage means, the methods available for deducting business-related mobility expenses, and some tips about cutting-edge technology. 1. What does it mean to calculate mileage for tax deduction? Whenever a person uses a car for business-related purposes and incurs costs derived from these business trips, the Internal Revenue Service (IRS) foresees tax deduction benefits. These benefits are part of the broader concept of tax-deductible business expenses that include costs of travel, transportation, gifts, and non-entertainment-related meals. "If you use your car only for business purposes, you may deduct its entire cost of ownership and operation (subject to limits…). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use." - Business Use of Car, ...
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Insights into a successful strategy to start a business

At SIXT, we have years of experience working with the most diverse palette of corporate clients. Big corporations with thousands of employees in several places of the world, startups in the world's most vibrant metropolises, one-person companies, and many more use our services regularly. In particular, we pay a lot of attention to emerging companies, closely listening to their experiences and needs. This helps us both finding new ways to improve our service and staying at the forefront of innovation. Here we share compelling insights about the right mindset and approach to start a business. 1. The right mindset to start a business: agility, flexibility, and resilience Even before the COVID-19 pandemic, it was clear that the business landscape is characterized by fast-paced change and dynamism. Enduring forces such as accelerated technological innovation, globalized and highly interconnected networks, and the pressure of climate change were already stressing and stretching global economies and business systems. Now that some long-thought stable structures proved fragile, many companies were forced to recognize the importance of agility and flexibility. The more tradition...
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How to come up with a business name

Choosing a business name is an exciting yet challenging part of setting up your own business. After all, your company name is what makes the first impression on your customers and it can be crucial to the success of your business. In this article, SIXT Corporate takes you through how to come up with a business name. We’ll be looking at steps to take, important aspects to consider when choosing a business name and how to avoid potential pitfalls. Every business needs a name! So, you need to come up with a name for your new start-up? Having the chance to choose its name should be one of the best things about starting your own business. Choosing a business name that is catchy, simple and memorable while telling potential customers what your business does is not that simple. SIXT comes as a good example here. In 1912, Martin Sixt founded the namesake company for what was back then the first car rental company in Bayern with a 3-strong fleet. The name is simple, relatable, easy to pronounce, and proved to be a wise choice. What’s in a name? The name of your business should leave a lasting impression on your customer...
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Business Keys to Success from SIXT Corporate

Starting and making a business grow in today’s world is no joke; entrepreneurs need to invest a lot of time, money, and energy in ensuring that their business succeeds. Even before you start a business, it is crucial to understand some of the key factors that can make a business see tremendous growth. It is no secret that many businesses tend to fail in the first five years of being open. In fact, according to Investopedia, a whopping 45% of new businesses fail during the first five years of being open. This could be due to factors such as failing to create a viable business model, limited finances, failing to build a strong, reliable team, and failing to identify ways to stand out from the competitors. [av_heading tag='h3' padding='10' heading='Table of Contents' color='' style='' custom_font='' size='' subheading_active='' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' margin='' av_uid='av-3bmbd57'][/a...
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SIXT Corporate Academy: How to Write a Business Plan

EVERY SUCCESSFUL BUSINESS STARTS WITH A STRATEGY: HOW TO WRITE A BUSINESS PLAN A business plan is a strategic document that describes how you will structure, manage, and grow your business through various phases of development. If you are interested in starting a new business venture, it is essential that you start creating an operational strategy for achieving your goals. Knowing how to write a business plan is a valuable skill that paves your way to success by encouraging you to think pragmatically about how to get your ideas off the ground. SIXT Corporate is your trusted mobility services partner that takes your business to new heights. [av_heading tag='h3' padding='10' heading='Table of Contents' color='' style='' custom_font='' size='' subheading_active='' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' margin='' av_uid='av-3bmbd57'][/av_heading] Understanding Your Market and the Competitive Landscape Operationalizing Your Success with a Strategy ...
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Implement Future Mobility Solutions for Business Travel with SIXT Corporate

MOVE BEYOND OWNERSHIP AND TAKE ADVANTAGE OF NEW CAR RENTAL MODELS SIXT Corporate is proud to be at the forefront of the global revolution in business travel. Today, it’s never been easier for corporate customers to move beyond automotive ownership and capitalize on the digitalization of mobility. Take advantage of future mobility solutions that remove rigid contractual requirements, lower costs, and deliver unprecedented utility that allows your team to get on the road and deliver their best work. Download the SIXT app and unlock a whole new world of corporate transportation potential. [av_heading tag='h3' padding='10' heading='Table of Contents' color='' style='' custom_font='' size='' subheading_active='' subheading_size='15' custom_class='' admin_preview_bg='' av-desktop-hide='' av-medium-hide='' av-small-hide='' av-mini-hide='' av-medium-font-size-title='' av-small-font-size-title='' av-mini-font-size-title='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' margin='' av_uid='av-3bmbd57'][/av_heading] The New Digitalization of Mobility The Future of Corporate Car Rentals Access the Whole World of Business ...
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