Fuel Economy and Mileage

What is the current cents per mile reimbursement for employee auto business travel?


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2010-03-20 09:27:29
2010-03-20 09:27:29

It all depends on what you want to give. The company I work for pays 34 cents per mile. A quick Google search reveals numbers between 30 to 39 cents per mile. I don't know where you live, but where I work in Florida they pay .55/mile.


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Privately Owned Vehicle (POV) Mileage Reimbursement Rates 2011: Automobile: $0.51 per mile Motorcycle: $.048 per mile Airplane: $1.29 per mile

58.5ยข for business travel in WI for 2008. Have a good day!

Reimbursement rates for business travel in your own vehicle are set by the Internal Revenue Service. See related links for details.

Mileage reimbursement is not provided to employees when using company-owned vehicles. Mileage reimbursement is usually offered to employees who must use their own personal vehicles for travel on company business.

Trip memorandums often include travel authorization, vehicle use, travel expense filing, and business meals charges. Travel reimbursement can also be included.

You can definitely get travel insurance information from your current car/home insurance provider. Otherwise you can also find business insurance providers online at www.rbcinsurance.com/business/travel/.

.51 cents per mile is what the IRS allows for business travel.

The way a business pays for travel for their employees is based on their policies. There are times when a business will pay for the cost of purchasing a hotel for their employees.

That depends if the rewards are company owned and if the employee is traveling for business purposes and all expense of the employee is covered by the company.

New Jersey reimburses state employees for business travel at a rate of $0.31 per mile. This has been the same rate since 2001. The current rate announced by the IRS effective January 1, 2008 is $0.505 per mile.

If the trip is solely for business purposes e.g. a conference that the employee would otherwise not need to attend.

Common practice is to give W-2 to employees at the workplace. If the employee is unavailable due to business travel, vacation, etc, then it is acceptable to mail the W-2 to the employee.

- Airplane .......... $1.07 per mile - Automobile Rates: 44.5 cents per mile (if no Government Owned Vehicle available) 28.5 cents per mile (if Government Owned Vehicle available) 12.5 cents per mile (if committed to use Government Owned Vehicle) - Motorcycle POV Rate ..... 30.5 cents per mile You can find this information at www.gsa.gov

There are several reasons to keep accurate records of business travel and accommodations arrangements. First, along with these records, keep a notepad on the trips, when you went and what business contacts you made. This is a good record that will certainly come in handy for future business prospects. While the former is "handy" the next reason is more "down to earth", in a manner of speaking. For income tax purposes you may need these for any eligible deductions. Also, for internal company reimbursement records, the auditing department may have questions on expenses for which you are entitled for reimbursement.

Business travel is travel that you take for business reasons. So, if you have to go to Denver to visit your family, that is a vacation. If you have to go for a work conference, that is business travel. Business travel is typically paid for by your employer, while your own personal travel is paid for by you.

Pay the balance on your travel charge card bill in full before it becomes delinquent.

A travel allowance is a payment made to an employee to cover expenses that are: incurred when your employee travelsaway from their home in the course of their duties. for accommodation, food, drink or incidental expenses related to the travel.sridivyadecorator.com

In an organization having a large number of employees, and also having a travel center, a method is provided for enhancing preparedness of employees for international travel. When the travel center is requested to make international travel arrangements for an employee, a travel notification message identifying the employee is transmitted to each of a number of specialized, travel service providers associated with the organization. A computer associated with a given travel service provider is then operated to determine whether the employee was identified in a previously received travel notification message. If not, the given travel service provider transmits a first travel preparation message to the employee, which comprises a complete list of travel services available from the given travel service provider. Otherwise, the given travel service provider transmits a second travel preparation message to the employee, which comprises a list of updating travel services available from the given travel service provider.

the role of travel agencies in business travel is to provide things such as accommodation, transport and flights to businesses.

In order to get business travel insurance, you would have to contact an insurance company that offers this service. Then request a quote for your business travel insurance.

The economic recession has led to many employers ending expense accounts or significantly tightening restrictions on business travel. Things that would have been easily written off as a business expense five years ago are being covered out-of-pocket by executives today. Don't get caught making fraudulent expenditures -- research corporate expense account policies and accountability before taking a business trip. Additionally, business schools are increasingly offering ethics classes about corporate business travel and expense accounts. Taking a seminar or reading a book about business ethics can ensure that all expenses incurred during a business trip are ethical and properly documented for reimbursement.

The employers' hourly costs would include a pro rated share of any longer-term benefits paid on the employees' behalf, such as insurance, unpaid leave (which reduces employer efficiency). It would NOT include taxes deducted from employee paychecks, since those are costs to the employee, not the employer. You could include other employee-related costs, but they are not considered "wages", such as the cost of uniforms, travel on business, etc., but rather "business expenses".

You can catch up on the latest business travel news through either Business Travel news, MSNBC, or Business Week just to name a few resources.

Depending on your needs and financial situation, business travel insurance should be considered for your business trips. Many travel insurance companies have business specific coverage, but you are not legally obliged to purchase travel insurance.

Join a travel association which can help promote your business

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