Mileage for travel

Happay13 Apr, 2023Business

Employees are frequently reimbursed by their employers for costs incurred while working, such as petrol. Mileage reimbursement is the name given to this practise. Typically, mileage reimbursement is calculated on a per-mile basis, with the typical rate being at or below $1. However, the rates at which mileage expenses are reimbursed may be impacted by state and IRS requirements. You must make sure that your reimbursement plan complies with all applicable laws in order to avoid potential legal issues.