Mileage reimbursement is a way to recognize the efforts of employees who use their personal vehicles for work. A lot of confusion surrounds the process of determining mileage rates and reimbursable...

Businesses that use the IRS mileage rate to reimburse employees are using the wrong tool for the task. Let's look at three key reasons to avoid mileage reimbursement at the IRS business rate.

The IRS announced the 2024 business mileage rate, and it has increased for the fourth time in three years. Here's our guide to properly apply that rate to your business needs.

From time to time, we like to feature a question we have received. This time, the question is about whether a fixed and variable rate reimbursement (aka FAVR car allowance) is superior to a...

The IRS mileage rate was designed to be a tax deduction tool for individual taxpayers, but it has become the standard rate for business vehicle reimbursements. The results are costlier than you think.

A standardized mileage rate, such as the IRS rate, and employee-reported mileage both can make it hard to control costs while supporting employees sufficiently – here are three best practices to fix...

[Updated for 2024] You don’t have to overpay to reimburse your employees – unless, that is, you’re paying the IRS standard mileage rate. With ease comes a price, but there are alternatives.