Browse Category: Standard Mileage Rate

2018 IRS STANDARD MILEAGE DEDUCTION RATE

2018 IRS Standard Mileage Rate

IRS LogoNOTE: The 2018 Standard Mileage Deduction Rate has not been released yet. We will update this article as soon as the rate is available.

Every year the IRS updates the Standard Mileage Deduction Rate and no matter what type of driving you do, if you drive for business purposes, moving or charitable causes – the 2018 IRS Standard Mileage Deduction Rate is there to help you easily deduct your mileage.

For those of you wondering why you’d use the standard mileage deduction rate instead of itemizing expenses for actual costs, you do have a choice. You can use one or the other, but you can’t use both.

The IRS has attempted to simplify the deduction process for everyone with the standard mileage deduction, however you’re not required to use it – you do have another option. Continue Reading

Per Diem

Per Diem Rates

What Is A Per Diem?

Per Diem, Latin for “per day” or “for each day” is a common business term for the amount of money that is given to an employee, student or other individual for their daily needs.

You might ask yourself why an employer would opt to hand out a per diem rate instead of requiring an expense report. It seems that the more detailed expense report would cover all of the necessary costs accurately.

There are actually 2 good reasons.

  1. Cost savings
  2. Less work (for both sides)

Continue Reading

Tips for Amazon Flex and Amazon FBA

4 Tips for Amazon Flex & Amazon FBA Drivers

With Amazon Flex and Amazon FBA increasing on popularity, Everlance has become the top tool to use. We are working everyday to create products that are actually useful for our drivers, like automatically tracking your mileage, expenses and even revenue. We’ve found 4 ways that Everlance can help make your life as an Amazon Flex or FBA driver run a little more smoothly:

Continue Reading

Top Mileage Tracking app

Top Mileage Tracking App: Making business & work mileage simple

A mileage tracking app is one of the best investments one can make. Not only can you get rid of that paper mileage log and receipts but also can become more IRS compliant. Since most of us never go anywhere without our phones any more, apps like Everlance can definitely help track your mileage and expenses and really not have to think much about it. Continue Reading

2017 standard mileage rate

2017 IRS Standard Mileage Rate: work, charity, moving, medical mileage

The IRS has released the 2017 irs standard mileage rate and it is down again from the 2016 standard mileage rate. Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

2017 IRS Standard Mileage Rate

  • 53.5 cents per mile for business miles driven, down from 54 cents for 2016

  • 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016

  • 14 cents per mile driven in service of charitable organizations

Continue Reading

  • 1
  • 2