And on the opposite end, I drive my own car, don't have any policy
regarding expensing miles and claim the mileage deductions on my taxes
every year. Grrrr.
Bill
Jeff Brown wrote:
This may not be very helpful, but as an EMPLOYEE one of my all-time
favorite perks was a company vehicle that I was allowed to drive to
and from home when working as a consultant. I'll always remember that
boss fondly.
On Thu, Apr 7, 2011 at 2:58 PM, Michael B. Smith
<[email protected] <mailto:[email protected]>> wrote:
Consult your accountant or tax advisor.
In the USA, the IRS has fairly strict rules about what counts as
business mileage. Most businesses that I have worked for follow
those rules. This limits both exposure and liability to a company
if you follow the same rules.
In general, I believe a fairly accurate one sentence summary would
be to say that whatever mileage exceeds the round-trip from home
to office, driven for business purposes, would be reimbursable.
There are exceptions.
Note that you aren’t required to pay mileage expenses. The IRS
allows people to deduct vehicle expenses (or a portion thereof),
or if you reimburse less than the IRS allotment they can deduct
the difference between what you reimbursed and what the IRS
allows. Anything over the IRS allotment must be treated as income,
by both you and the employee.
Regards,
Michael B. Smith
Consultant and Exchange MVP
http://TheEssentialExchange.com
*From:* Cesare' A. Ramos [mailto:[email protected]
<mailto:[email protected]>]
*Sent:* Thursday, April 07, 2011 3:16 PM
*To:* NT System Admin Issues
*Subject:* ?? on Field service reps / Mileage expense
Hellos.
Trying to figure some things out and thought I would ask the
peanut gallery for opinions.
We are a service company and have service reps on the field
visiting clients. With the increase of fuel and such, I am
considering a formal policy on either mileage reimbursement or
monthly gas allowance.
What are your thoughts? Should or would you set daily minimums
(i.e. only reimburse over 15 miles)?
Just looking for general thoughts.
Thanks.
CAR
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