IRS Sets 2026 Business Mileage Rate at 72.5 Cents
If your business reimburses mileage or deducts vehicle expenses, the IRS just made a change you’ll want to account for before year-end planning.
November 16, 2015 — An accountable plan allowance is an arrangement whereby the employer pays an employee a fixed amount or a formula based amount of money to be used for employment-related expenses. The employee must account for how the money is used. All or a portion of the allowance or arrangement is not subject to payroll withholding rules provided the necessary substantiation requirements are met … Read more at Bottom Line Newsletter 2015.
If your business reimburses mileage or deducts vehicle expenses, the IRS just made a change you’ll want to account for before year-end planning.
GASB Statement 102 introduces new financial reporting requirements designed to increase transparency and strengthen how governments communicate risk....
Recent legislation, part of the One Big Beautiful Bill Act (OBBBA), introduced several tax changes that will directly affect how construction and...