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

Every year, the IRS publishes standard mileage rates to determine tax deductions for vehicle use. Organizations and individuals that use vehicles for business purposes should pay close attention to...

Every year, the IRS releases a set of standard mileage rates for tax deduction purposes. Many businesses use the federal rate for business to reimburse employees for personal vehicles. Here is your...

The IRS mileage rate was designed to be a tax deduction tool for individual taxpayers. This federal rate is now the norm for business mileage reimbursements. But using the IRS rate has three major...

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

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 tax deduction rules, tax-free reimbursements, and cost considerations...

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...

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...