While calculating mileage for reimbursement is a relatively straightforward process, it’s important to understand whether you qualify for mileage reimbursement. Furthermore, if you do qualify, it’s equally important to follow
Author Archives: Parteek Singh
When employees, self-employed, freelancers and rideshare drivers consider issues surrounding mileage reimbursement, one question that often arises is whether or not the reimbursement is taxable income. Mileage reimbursement is not
When it comes to tracking, calculating and reporting mileage associated with doing work for your employer or as a self-employed individual, there could be different requirements to be aware of.
As of January 1, 2020, the mileage rates determined by the IRS, with the rate for business being 57.5 cents, the rate for medical is 17 cents and the rate
Each year, the IRS updates its mileage rates for tax deduction purposes. Sometimes the rate will increase, sometimes it decreases. As of January 1, 2020, the mileage rates for cars,
This section of our information hub will focus on mileage reimbursement for those who are self-employed or business owners in the United States and how best to track and report
Employers with staff who regularly travel and engage in company-related activities, where travel is conducted outside normal daily commutes, will likely reimburse their employees for travel expenses. There is no
There may be times when a company employee will use their personal vehicle to conduct business on behalf of their employer. There are a number of different ways an employee
We know that businesses, independent contractors, freelancers, rideshare drivers and sole proprietors needs helpful and accurate information when it comes to tracking and reporting mileage expenses. While people within these
Common deductions for Real Estate, Home Office, Sole Proprietors, Independent Contractors, and more.