Recordkeeping for Reimbursement Employees typically keep a mileage log to document their work-related driving. It starts with the first day of the year the car is used for business and ends with the odometer reading on the last day. Each entry must state the date, the business reason for th...
it’s important to note that the IRS does not oblige employers to offer this type of compensation toW-2 workers. Additionally, employers have the freedom to set any mileage rate they choose. The IRS does not impose a mileage reimbursement law, yet certain states, like California and Massachuse...
A mileage log is an essential tool for any driver who intends to get a tax deduction or employee reimbursement based on their car usage. Its role is to keep travel records for tax purposes. Mileage logs are mostly used by businesses and self-employed drivers, but you may also need one ...
Once your car is on the road, the device gives you updates about the car’s fuel levels, mileage, location, trips taken, and the overall safety of your vehicle. You may also be happy to know that the installation of the device doesn’t affect your car’s warranty, and it’s reversibl...
A mileage log is an essential tool for any driver who intends to get a tax deduction or employee reimbursement based on their car usage. Its role is to keep travel records for tax purposes. Mileage logs are mostly used by businesses and self-employed drivers, but you may also need one ...