Creating an IRS-compliant mileage tracking form is not difficult to do. Here is a mileage template you can use, along with an even better idea.

The story of the past few years has been inflation. Everyone is experiencing higher costs. One way for your business to reduce costs is to switch from paying a standard car allowance to a tax-free...

If workers for your organization receive a mileage reimbursement, it is important to know who can claim mileage on their tax return. The rules for 2024 make clear which workers are eligible for a tax...

The fixed and variable rate allowance or FAVR provides a tax-free way to offset employee vehicle costs. This method is an IRS-compliant, cost-effective vehicle reimbursement plan.

Many people use a personal vehicle for work. Some are employees and some are self-employed. Here is a guide to laws related to personal vehicles and best practices for reimbursements.

Whether you are a contractor, a business owner, or an employee who drives for work, you may need to track mileage for taxes. Here is a guide to the best ways to keep track of mileage for taxes.

Many organizations pay a mileage rate to reimburse workers for the use of a personal vehicle. But how do you know it accounts for all reimbursable vehicle expenses? Some expenses like auto insurance...

If your company pays a monthly vehicle stipend, 40% or more of that money could go to federal and state coffers. With tax withholding reducing an employee's take-home pay so much, is this the best...

The United States federal tax code is complicated and confusing. If you drive a vehicle for work purposes, you may be able to deduct some of those costs. Here's your guide to work vehicle tax...