Jan 13, 2025
At the end of December, the IRS announced standard mileage rates for 2025. Below are the deductions, if you are using an automobile for approved purposes:
It gets complicated
Before making your claim, you need to read the find print. For example, the IRS says that if you use your car only for business purposes, you may deduct its entire cost of ownership and operation (subject to various limits). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use.
The IRS explains that you can generally figure the amount of your deductible car expense by using one of two methods: the standard mileage rate method or the actual expense method. If you qualify to use both methods, you may want to figure your deduction both ways before choosing a method to see which one gives you a larger deduction.
Further details are available on the IRS site, Topic no. 510, Business use of car. You should discuss your situation with a tax professional.
©2025
Jul 02, 2026
You finally narrowed a large job applicant pool down to several strong candidates. The interview process will give you insights into your prospective employee. Read through for pro tips on how to conduct job interviews to find the best match for your team.
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U.S. companies are broadly scaling back nonwage compensation, from suspending discretionary 401(k) matches to trimming paid time off and reducing parental leave. However, these savings can come with costs companies didn't anticipate. Read through to weigh the risks before your business makes any changes.
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How do you track your employees' time and attendance? It's easier said than done, but modern companies have options. Read through to see how to manage pay, appropriately compensate employees for their work and eliminate bottlenecks in payroll.
Jun 29, 2026
Pay transparency is a step in the right direction toward achieving wage equity and eliminating discriminatory practices. Read through to learn why implementing pay transparency matters for your business.
Jun 04, 2026
Interviewing candidates for jobs is more complicated today than it once was. Artificial intelligence, social media screening, online interviews and traditional in-person meetings all now coexist in the hiring process. For both employers and candidates, staying current is essential. Read through for guidance on adapting interview practices to today's realities.
Jun 03, 2026
The Fair Labor Standards Act, enforced by the U.S. Department of Labor, establishes exempt and nonexempt categories for employees. These categories determine how to handle minimum wage, overtime pay, benefits and certain recordkeeping requirements. Read through to learn more about correctly applying these categories.
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