When your employees drive their vehicles for business purposes, you simply pay them 50 cents per mile (the 2010 IRS standard mileage rate) for their trouble. Sounds easy, right?
Actually, reimbursing employees for their mileage and commuting expenses can be very tricky:
- Actual expenses may exceed the IRS standard allowance
- The guidelines you must follow in documenting driving expenses and storing receipts will vary depending on the reimbursement levels you offer.
- Strange as it sounds, you may be better off offering auto allowances or company cars instead of mileage reimbursements.
- And, if you’re not careful with your policies, disgruntled workers could hit you hard with unexpected back-pay claims for their travel time!
Get the plain-English facts about dealing with mileage and commuting expenses for employees during this 90-minute webinar recording, where you’ll learn:
- How to comply with the current federal requirements for mileage reimbursements for employees—from calculating the correct amounts to deciding whether to adopt the standard IRS allowance or set your own per-mile rates
- The proper ways to handle reimbursement requests for tolls, parking, and other driving expenses claimed by your employees
- Best practices for documenting reimbursements and keeping receipts—for both your organization and your individual employees to follow
- How to structure and manage commuting and ridesharing benefits for your employees (including the impact of the 2009 federal stimulus legislation on these benefits!)
- The pros and cons of paying your workers an auto allowance or offering company vehicles rather than relying on mileage reimbursements
- How to handle wage/hour questions and claims from employees related to travel time and commuting time
This webinar was recorded on Tuesday, August 17, 2010
About your Speakers:
Mark E. Tabakman, Esq., is a partner in the nationwide law firm Fox Rothschild, LLP. He advises clients throughout the country on all aspects of labor relations and employment law, as well as the development of corporate employment policies. He has a specialty in wage-hour law, including representation of more than 200 clients before the state and federal departments of labor and state and federal courts on issues such as proper payment of overtime, alleged misclassifications of employees as exempt and nonexempt, and what constitutes working time. Also, he publishes and maintains a wage-hour blog to provide the latest information and observations on new developments in wage-hour law. Tabakman is a frequent guest speaker on employment law issues and has appeared on local and national television programs commenting on workplace issues. He also writes a weekly column on labor and employment issues titled “Making the Law Work.” He earned his law degree at Cornell University.
Stacy Wade, Ph.D., CPA, is assistant professor of accounting at Western Kentucky University, where she teaches undergraduate and graduate courses in financial accounting and taxation. She received her CPA certification in 1988, and she has served on numerous national and regional committees for the American Accounting Association and the American Taxation Association.
Stacy directs her university department's pro bono tax service, and she performs tax consulting services for her own clients. Also, Wade worked formerly for the Touche Ross public accounting firm and as the co-owner of a farm supply business. She earned her MBA degree from the University of Louisville and her Ph.D. degree from the University of Kentucky.
Approved for Recertification Credit
This program has been approved for 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI's criteria to be pre-approved for recertification credit.