Tax rate

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Should You be Reimbursing Mileage at the IRS Standard Rate?

Posted by Company Mileage | July 11, 2019

The standard mileage rate the Internal Revenue Service sets for each year is no doubt an important metric. For employees that drive their personal vehicles for their jobs – and… Read More

According to the Washington Post, a proposed gas tax increase by 25-cents gained bipartisan support earlier this month. Currently this tax is 18.4 cents on gasoline and 24.4 cents on… Read More

2018 Tax Law Changes – How Will This Affect Mileage Claims?

Posted by Company Mileage | February 9, 2018

A Quick-Reference Guide for Employers With all of the focus on corporate tax rate changes this year, you could be forgiven for not picking up on a small but crucial… Read More

Mileage is the highest employee cost after wages and health insurance

Posted by Company Mileage | January 17, 2018

Don’t you think it’s time to monitor those costs? The average American commute is the longest it has ever been. In fact, the U.S. Census Bureau states that it now… Read More

Employee mileage rates: Are you losing money?

Posted by Company Mileage | January 17, 2018

Each year the IRS sets the mileage rate per mile driven for employees who use their vehicles for company travel. In 2017, the standard mileage rate was 53.5 cents per… Read More