Mileage

For those of us who work on the road, accuracy and transparency into business mileage are of paramount importance. That’s why we have articles to help cut through the confusion surrounding IRS rules and business mileage.

  • The standard mileage rate for 2017 was recently announced by the IRS, advising taxpayers of the optional cents per mile reimbursement rate for the year. It’s important for businesses with mobile employees to be aware of this announcement. The 2017 standard mileage rate provides a benchmark for mobile workers to calculate their reimbursement for their…

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  • The optional IRS standard mileage rate (or Safe Harbor Rate) is used for employees, self-employed individuals, or other taxpayers to compute the deductible costs of operating an automobile for business. If you’re not reimbursed for your business mileage, you may want to claim the IRS standard mileage rate on your personal income taxes to offset…

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  • Giving your workers access to company-owned vehicles, also known as “fleets,” can greatly benefit both employers and employees. If those fleets are not administered correctly, though, the potential benefits can quickly turn into burdens. Personal mileage reporting is a common area of confusion, particularly with so many workers now performing their duties off-site as part…

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  • In 2016, we are surrounded by technology that is constantly updating to meet our needs. Now more than ever, there are mobile applications that make our lives infinitely easier. Why wait for a taxi when you can simply request a personal vehicle at a reasonable fare? Why worry about paying friends back when you can immediately send payments via phone? For those in the mobile workforce industry, why waste time and risk accuracy with a manual mileage log?

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  • You may be wondering why the odometer reading in your vehicle differs from the distance calculated by an online mapping provider. The answer is simple: although vehicle odometer readings are close to the actual mileage traveled, they are not precise. Surprising to many, there is no federal law that regulates odometer accuracy, only guidelines by The Society of Automotive Engineers that allow for a margin of error of plus or minus four percent. A FOX19 report on odometer readings found that four vehicles of different makes all registered inaccurate readings. Some readings overshot the mileage driven, while others under reported the mileage driven. Even a variance of twenty feet per mile driven could result in a discrepancy of over five-hundred miles over the vehicle’s lifetime.

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  • Automation is dramatically impacting businesses of all types – from cybersecurity, to healthcare, to agriculture. As technology shifts many of the tasks workers perform daily from manual processes to automated processes, businesses are able to become more efficient and better at helping employees to reach their full potential.

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  • Whether you drive 20,000 miles a year or 5,000, everyone wants to save money at the pump. However, you don’t have to buy a new car to get better fuel efficiency. Regardless of the make and model, your vehicle’s estimated gas mileage is just that – an estimate. How you drive, fuel, and maintain your…

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  • IRS audits are about as much fun as root canals. Both are painful, costly, and grueling. Unlike arduous dental work, however, you may find your company (or your employees) audited again and again if you’re not careful to take the proper steps to have up-to-date vehicle programs and processes in place. Employers generally provide for…

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  • Mileage logs are one of the most important tools mobile workforce managers use to capture, reimburse, and report on employees’ business driving. If used effectively, mileage logs create a clear picture of personal and business usage that is both accurate and defensible in the event of an audit. Unfortunately, both employees and employers often incorrectly…

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