Vancouver, September 11, 2009 – Quino Solutions Inc. is happy to announce the release of the MileTracer. The MileTracer enables the user to automatically record mileage for mileage reimbursement and/or tax deductions. The MileTracer is targeted at independent sales people, contractors, installers, and self employed professionals.
“Our innovative approach to mileage recording is designed to save time and money and provide our clients with an audit proof mileage log” -Chris Pinter, CEO of Quino Solutions Inc.
Get rid of that log book! Quino Solutions Inc. developed the software and hardware which will replace the log book that we all despise on a daily basis. The hardware is designed as a plug-in-and-forget solution for worry free mileage recording and reporting. Access the stored data from the device by simply connecting it to your PC via USB. The software interface makes navigation and customization of the data easy.
Get this!
Quino Solutions Inc. is the leader in mileage logging expense tools and covert tracking devices used around the world. The company’s core competency resides in the development of leading edge, low-power wireless technology. The company is privately held and currently expanding its investor base. For more information about Quino Solutions, visit the Quino website at http://www.quino.ca.
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Vancouver, September 10, 2009 – On September 8th, 2009 The ‘Business in Vancouver’ Newspaper published their yearly list of the top 100 fastest growing companies in the Vancouver area. An 800% growth over the last 5 years has catapulted Quino Solutions Inc., a recognized leader in GPS tracking and automatic mileage logging technology to position #20.
Business in Vancouver is a weekly newspaper serving the Greater Vancouver area targeting business decision-makers. The publication provides local business news and information reaching the Lower Mainland’s business leaders every week.
Quino Solutions’ presence at number 20 on the top 100 fastest growing companies list provides a clear indication that the company is moving faster than other companies in the same industry. In the past few years Quino Solutions has demonstrated above average performance while proving Quino’s ability to establish itself among thousands of small to medium sized businesses.
Quino Solutions Inc. is the leader in mileage logging expense tools and covert tracking devices used around the world. The company’s core competency resides in the development of leading edge low-power wireless technology. The company is privately held and currently expanding its investor base. For more information about Quino Solutions, visit the Quino website at http://www.quino.ca.
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We, at Quino, have developed our software to accommodate to the government’s regulations according to vehicle use for business purposes. Therefore, because we serve to protect our clients from audits with either the IRS or CRA, we figured an update would be nice.
The Minister of Finance Jim Flaherty announced, late last year, some key points for automobile deduction limits and expense benefit rates for businesses:
Capital Cost Allowance (CCA) stays at $30000 for purchases after 2008
The limit of deductible leasing costs have remained at $800/month
Maximum allowable interest deduction for borrowed or purchased after 2009 remained at $300/month
The tax exempt, for employees using their personal car for work, remained at a 52 cents limit up to 5000km and 46 cents for any additional kilometres. If you live in the Yukon Territory, Northwest Territories, or Nunavut that tax exempt is 56 cents up to 5000km and 50 cents for any additional kilometres. The personal portion of automobile operating expense paid by employers remained at 24 cents per kilometre
We hope that you found this update helpful and beneficial. If you want to stay informed about “the need to know” for the government’s automobile limits and rates for businesses follow us at…
Follow us on twitter: @QuinoSolutions
Follow this blog. Updated weekly… at least
-Ashton Byrne, Marketing Coordinator
Note: The deduction limits and expense benefit rates above are taken directly from the Canadian Government’s website. If you need further clarification of any point above contact the government directly. http://www.fin.gc.ca/n08/08-114-eng.asp
Another blog post carried over from Quino Solutions’ old website. Enjoy.
I am constantly looking for ways to minimize the hassle that come with necessary administrative tasks. I have been a sales person for a long time and when I got hired to do business development for Quino Solutions we decided to combine our GPS tracking service with software that enables you to keep track of your mileage and create reports for mileage reimbursement.
It is designed to be a “plug-in and forget about it” tool that records where you travel. The only thing you need to do is set the filter to accommodate your specific working hours and download the data in report form (Excel or web based).
This method saves time and eliminates mistakes. I really think it is a great tool for everybody who would benefits from precise mileage logging be it for mileage reimbursement, tax deductions or billing purposes.
You can save about 2-3 hours and you don’t have to worry about writing down where you went anymore. Everybody can do it! It is really simple!
- Philipp Fuhrmann, Business Development Manager
A blog post from Quino Solutions’ old website… Worth reading
As a small business owner, reviewing costs and analyzing what is best for the company’s cash flow is at the forefront of my mind daily.
We recently hired a salesman for our company. We had never had anyone dedicated to sales before so the expenses arising were new to me.
I contacted our outside accountant and viewed the Revenue Canada website. I confirmed that the prescribed rate to reimburse an employee was 52 cents per km to cover gas, insurance and car payments etc. So I notified our salesman to keep track of his business km driven for business purposes using our “MileTracer” product. The system works beautifully. He checks his mileage report from our “MileTracer” product and reports it to me at the end of each month.
The other owner of the business reviewed the expense report and said that looks a little high to me, wouldn’t it be cheaper just to pay for a company car and pay the gas and insurance costs? Well, I had been paying about $200 a month to cover the mileage km driven. So I immediately began to create a cost benefit of the situation.
It would cost about $200 a month in car payments for a compact car. About $1,600 per year in insurance and on top of that about $100 a month is gas receipts. There is no mention in this scenario yet of car repairs and maintenance. It was clear that reimbursing by the km was a lot better for our small business as cash flow is king.
The only scenario is where a sales rep drives many km per week and is constantly on the road. If a sales rep averaged 200 km per day in driving. I had met one once who worked for McCain’s and drove constantly from one supermarket to another. They would average about 200 km (day) x .52 cents = $104 in mileage costs times around 22 days per month – this bill would be $2,288 monthly to the company. In an instance such as this with a salesman constantly on the road it definitely makes sense to foot the bill for the car payment and the insurance etc.
So, the results are if you have a salesman who just visits a few customers around town then definitely go with the mileage reimbursement based on km driven. If you do, however. have a salesman who is constantly on the road for days at a time it is definitely cheaper to go with paying for a company car.
- Natalie Pinter, VP Finance of Quino Solutions
REVIEW: THE QUINO GPS RANGER
March 16, 2009
My very first experience with the Quino GPS Ranger was a complete success. The investigation I was conducting required developing information (legally, of course) about the movements of a particular vehicle. I simply attached the device to an inconspicuous place on the vehicle and then retrieved it two months later. The amount of data that the Ranger had collected during that time was incredibly impressive.
There are no markings on the Ranger to identify its function or origin, and the color and design make it look much like an automotive component. A surprisingly strong magnetic base provides for a secure ride, or it can be peramanently installed. It is a small, lightweight unit that fits in the palm of the hand, but when it comes to the operational capabilities, the Ranger is anything but a lightweight.
Two AA batteries power the unit for up to 40 hours of operation, but since it only uses power when it’s “awake,” the unit recorded data for the whole two months. It stores huge amounts of data…the equivalent of driving 500 miles, before having to retrieve the device to download the data to the computer.
I had already loaded the Ranger software on my computer, so when it came time find out what the Ranger could do, all I had to do was connect a USB cable to the device, select my preferences for viewing the data, and hit the go button.
What happened next was a sight to behold. Ranger summoned up the power of Google Earth, and the two of them interfaced, spilling out all of the secrets of the last two months…the path of the vehicle, where and when it stopped, for how long, travel time between stops, average speed, maximum speed…you name it! And the whole thing is viewable and printable in different formats.
Plus, when it’s not being used as part of an investigation, I just sit it on my dashboard and it keeps track of my billable travel time and miles for invoicing my clients. This GPS device works exactly “as advertised” and it should be an integral part of every investigator’s toolbox.
- Dave Sheldon (Arkansas Board of Private Investigators License No. D96-67)
