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
Mar 12, 2026
Remote work has become a clear expectation for many employees. Indeed, many employees won't even work for a company if it's not an option. Read through to learn more about how to create a remote policy that works for both your employees and your organization.
Mar 11, 2026
Maintaining the right level of staff is crucial for any business. You don't want too many or too few employees. Read through for tips on how companies manage the balancing act between the two staffing extremes.
Mar 10, 2026
Pet-friendly offices, on-site wellness programs, game rooms and free meals are among the latest in unique employee perks. Perks are a great way to show your staff you appreciate their efforts. Read through for a guide to how employee perks can improve overall job satisfaction.
Mar 09, 2026
As companies recruit globally and support more remote employees, payroll recordkeeping has grown more complicated. Read through to learn how to stay compliant while keeping payroll records organized and useful.
Feb 12, 2026
You've invested time and money in training your employees to meet or exceed the performance expectations you set for your company. But sometimes things go wrong. Read through for tips on how to motivate and refocus individuals before you have to let them go.
Feb 11, 2026
Congratulations! Your hard work has finally paid off and you've been promoted to manager. As you settle into your larger office space, you may be asking yourself what comes next. Read through for pro tips on how to be an effective first-time leader.
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