Browse Category: reimbursement

Unreimbursed Employee Mileage Tax Law Changes

New Tax Law Could Impact Employee Mileage Reimbursement Policies

Tax Cuts & Jobs ActWith the new Tax Cuts & Jobs Act in effect for 2018 employees will no longer be allowed to deduct unreimbursed employee business expenses.

So, what does this mean and how does it impact employees going forward? We’ll explain.

Outside of minimum wage laws, there is no federal law requiring employers to reimburse employees that use their personal vehicle for business purposes, though most employers have opted to reimburse for these expenses.

If in the past, as a W2 employee, you may have been required to travel offsite to attend an event such as a sales meeting or a convention. If you had opted to use your own vehicle to travel to-and-from the event, you could reasonably expect that your employer would reimburse your mileage if a reimbursement policy was in place at your company, or worst case, you could write off the expense at years end at the current IRS standard mileage rate of $0.545 per mile.

As of 2018 these unreimbursed expenses are no longer possible. Continue Reading

Business Mileage & Expense Tracking

Tracking Your Business Mileage & Expenses With Everlance

Track Business Miles and ExpensesOver 400,000 people use Everlance every day to automatically track their business mileage and expenses, but why do they use Everlance instead of our competitors? And which Everlance product do they use? Everlance Premium or Everlance Teams?

The answer to the first question is simple.

The average Everlance user finds over $6,500 in deductions and our product outperforms all other trackers on the market, including MileIQ & Quickbooks Self-Employed. Hands down we have the best product in this entire segment.

The second answer is a bit more complex, because the Everlance product you choose is based more on your team size and the need to manage a team in one place than it is about features or cost.

Before we dive into the features, or the exact reasons why business owners are choosing Everlance to track their mileage and expenses, let’s take a look at why mileage tracking is so important for both individuals and large businesses. Continue Reading

Mileage Tracking For Business | Track Employee Mileage & Expenses

Last updated on May 7th, 2018 at 09:11 pm

Automatically Track Employee Mileage & Expenses
Do you need to track employee mileage and expenses for your company?

Are you currently relying on employees to deliver these assets on a monthly basis?

Everlance is the a great low-cost solution for you. Everlance helps you eliminate all of the hassle of typical expense tracking procedures allowing you to save both time and money and your employees can get back to doing what they do best – working!

Employee mileage & expense tracking is an important program within a company. Often, employees are asked to commute to job sites, or industry events on a regular basis and in order for the employee to be reimbursed, or for the business to expense the costs, they have to be accurately tracked and recorded.

Most employers rely on employees to deliver these assets to them. Whether they’re in the form of a mileage log or receipts, it’s often the onus of the employee to record and deliver them to their employer.

This process is not without its struggles. Continue Reading

Employee Expense Reimbursement

Employee Reimbursement | How Employers Reimburse Employee Expenses

Employee Expense ReimbursementEmployee reimbursement, a topic we hear about on a daily basis from our customers. Whether they’re new employees that don’t understand how much they’ll be reimbursed, or those wondering if expenses can be deducted on their personal tax returns.

We see it all!

There are often so many questions regarding employer’s reimbursing employee expenses that we felt it would help clear up the confusion for a bunch of people by writing a dedicated article on the topic.

If you have any questions for the Everlance team regarding expenses, don’t hesitate to comment below! Continue Reading