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Tag: reimbursement

IRS standard mileage rate 2024

IRS increases standard mileage rate for 2024

With business laws also evolving, staying up-to-date on changes to certain rules crucial for small to medium-sized business owners and HR professionals. Recent studies show that a significant portion of business expenses goes towards transportation costs, making it essential to stay updated with the latest IRS standard mileage rate changes.

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qualified moving expense

What is a qualified moving expense?

There are many instances were an employee would have to move because of their job.  With this move comes added expenses for the employee.  That is why some businesses consider offering moving expense reimbursements as a fringe benefit.  Let’s take a look at what a qualified moving expense is and

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