OWNERSITE TECHNOLOGIES MAXIMIZES IRS DEDUCTIONS FOR SMALL BUSINESS AND CORPORATE TRAVELERS
ROSWELL, GA – February 23, 2006 - Ownersite Technologies reminds drivers who are preparing their
2005 tax returns that certain vehicle expenses can be deducted if the vehicle was used for business
purposes.
According to the Internal Revenue Service, expenses can include gas, repairs, oil changes, tires, lease
payments, registration fees, insurance, depreciation, licenses, garage rent, tolls and parking fees. They can
also include mileage logged while traveling from one workplace to another, making business trips to
visit customers or attend business meetings away from your regular or workplace or going to
temporary workplaces.
The IRS further clarifies that, “to claim the deduction, keep adequate records such as a written travel
log with complete and accurate mileage records for each business use of your car. If you are unable
to produce a clear and accurate business mileage record, the IRS may disallow the deduction.”
Traditional methods of record keeping such as notebooks and quickly scribbled mileage numbers may
not be sufficient evidence to support your claim. Ownersite Technologies offers an alternative to
drivers struggling to maintain accurate records of vehicle usage, maintenance and expenses.
“We have seen a strong demand from small business owners and business travelers looking to
formalize their record-keeping for tax purposes,” says Ownersite’s Founder and CEO, Steve Eppinger.
“Ownersite’s intuitive interface makes it very easy to quickly record business trip information, as well
as maintenance and expense records whether you are connecting from home, the office or anywhere
on the road.”
Launched in 2001 and named an 'Incredibly Useful Site' by Yahoo! Internet Life, Ownersite.com is
geared toward enhancing the vehicle ownership experience by increasing the safety, reliability and
value of all of our members' vehicles. Ownersite.com provides our subscribers with comprehensive
expense and maintenance tracking, service reminders, fuel economy reporting tools, recall alerts,
TSB summaries and more. Ownersite.com also provides a repository for frequently accessed
important vehicle information like insurance, warranties and trip logs, as well as direct access to
useful and money-saving preventive maintenance articles from the Car Care Council.
“I advise all of my clients to keep accurate records to support their deductions,” said Mike Grobman,
a CPA in Atlanta, GA who specializes in supporting small business owners. “Unclaimed or underclaimed
deductions represent a real net loss to these businesses or individuals but without the proper
documentation, I cannot advise them on how to best maximize their return. The reports generated
by Ownersite.com provide a solid paper trail from which to calculate deduction claims.”
About Ownersite Technologies
Ownersite Technologies is a privately-held technology based company in the Atlanta suburb of
Roswell, GA. Founded in 2000, Ownersite Technologies develops and markets software and CRM
oriented tools for Consumers, Credit Unions, Financial Service Providers, Automotive Service
Providers, Fleet Managers and Auto Enthusiast Publications. They can be found online at
www.ownersite.com.
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