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Factors Contributing to Rising Car Insurance Costs
Car insurance premiums in the US are experiencing significant increases due to factors such as rising theft rates, accident frequency, and repair costs. State-by-state variations exist.
IRS Announces 2025 Standard Mileage Rate Increase
The IRS has set the 2025 standard mileage rate at 70 cents per mile, reflecting a three-cent rise from 2024, impacting reimbursement costs for businesses.
IRS Announces 2024 Standard Mileage Rates for Reimbursement
The IRS has set the 2024 standard mileage rate at 67 cents per business mile, reflecting a 1.5 cent increase from 2023 amid rising vehicle ownership costs.
Cost Comparison of Electric and Gas Vehicles in 2023
A recent analysis reveals varying costs associated with electric and gas vehicles, suggesting the financial implications depend on numerous factors including charging methods and regional fuel prices.
Importance of Accurate Mileage Logs Highlighted by Court Cases
Recent court cases underscore the necessity of accurate mileage logs for business tax deductions and the potential consequences of fraudulent claims.
CompanyMileage Partners with Benchmarks to Enhance Services
CompanyMileage has formed a partnership with Benchmarks to support human service providers in North Carolina, enhancing service delivery for families and individuals.
IRS Updates Standard Mileage Rate for 2023
The IRS has increased the standard mileage rate for 2023 to 65.5 cents, reflecting rising car ownership costs and significant implications for mileage reimbursement management.
IRS Updates 2023 Standard Mileage Rate to 65.5 Cents
The IRS has increased the 2023 standard mileage rate to 65.5 cents per mile, reflecting ongoing adjustments to vehicle operating costs amid rising inflation.
IRS Increases Standard Mileage Rate for 2022
The IRS has raised the standard mileage rate for business travel to 62.5 cents per mile, effective July 1, 2022, amidst rising fuel costs.
IRS Updates Standard Mileage Rate for Business Travel in 2022
The IRS has revised the standard mileage rate for business travel to 58.5 cents per mile in 2022, reflecting increased vehicle operating costs.
IRS Adjusts 2021 Standard Mileage Rates for Business Travel
The IRS updates the 2021 standard mileage rate to 56 cents per mile for business travel, reflecting changes in fuel prices and vehicle operation costs.
Six Strategies to Reduce Mileage Expense Reimbursement Costs
CompanyMileage implements strategies to streamline mileage expense reimbursements, potentially saving organisations 20-30% on associated costs through automation and efficiency.
Mileage Reimbursement and Car Allowance Comparison
The article examines the differences between mileage reimbursement and car allowance models, outlining their implications for employee compensation and tax considerations.
Implementation of Electronic Visit Verification Requirements
The 21st Century Cures Act mandates electronic visit verification for personal and home healthcare services, impacting providers nationwide from 2020 and 2023 respectively.
IRS Updates Standard Mileage Rates for 2019
The IRS has increased the standard mileage rate for 2019 to 58 cents per mile, reflecting rising costs associated with vehicle operation.
Impact of Rising Oil Prices on Mileage Reimbursement Rates
The surge in oil prices may result in increased mileage reimbursement rates, prompting employers to reassess their reimbursement strategies for mobile employees.
