Food delivery has become a mainstay since the days of the pandemic. Here is a guide to the obligations and challenges of reimbursing food delivery employees for the use of a personal vehicle.
Most businesses experience both fixed expenses and variable expenses. Knowing the difference is important, especially if your organization reimburses employees for their business vehicle expenses.
No federal law requires employers to reimburse their employees' business vehicle expenses. But many companies choose to – for good reasons.
When deciding on a mileage reimbursement rate, many companies look for guidance to the published standard mileage rates from the IRS. But the question of whether to pay that exact rate to employees...
Paying a mileage rate can be a great way to reimburse employees for the use of their personal vehicles. But it can get very expensive.
For employees who drive a vehicle as part of the job, a mileage reimbursement is a key way to offset expenses. But what does a mileage reimbursement include? How do you know if your mileage rate is...
Mileage reimbursement is one of the most popular ways to cover the business expenses of employees who drive a personal vehicle for work. Here are four pitfalls of mileage reimbursement – and how to...
[Updated for 2024] What are the tax rules for mileage reimbursements? Many employers pay a cents-per-mile rate because it is simple to calculate. But it is important to know the IRS rules about...
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.
