Tax rate

Hiring independent contractors can come with a lot of benefits for your business. For one, their hours can be more flexible than regular employees. They can work for specific projects… Read More

Be Prepared With a Detailed Mileage Log for IRS Audit

Posted by Company Mileage | February 13, 2020

IRS audits, much like vampires and werewolves, are shrouded in lore. The difference, of course, is that audits are real and could actually happen to you, though the likelihood isn’t… Read More

2020 IRS Standard Mileage Rate Announced

Posted by Company Mileage | December 31, 2019

The Internal Revenue Service (IRS) has updated the optional standard mileage rate in 2020 to 57.5 cents per mile, a decrease of 0.5 cents from 58 cents per mile in… Read More

Top 5 Measurements the IRS Uses to Determine Mileage Rate

Posted by Company Mileage | November 4, 2019

At the end of each year, the IRS releases their standard mileage rates for travel for businesses, medical or moving reasons and nonprofits and charitable organizations. Instead of dealing with… Read More

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