Payroll 911 Bookkeeping & Payroll Service
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Almanac
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Ellen Gyberg, Owner |
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State Required Posters For Employers Be on the lookout for private companies mailing notices that threaten businesses with up to $17,000 in fines, lawsuits and audits for not displaying labor law posters. These notices make
it appear that immediate compliance through purchase of their products
is necessary to escape penalties. The cost of the posters may vary anywhere
from $29.95 to more than $100.00 + shipping and handling.
2010 Standard Mileage Rates Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 50 cents per mile for business
miles driven
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs as determined by the same study. Independent contractor Runzheimer International conducted the study. A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for any vehicle used for hire or for more than four vehicles used simultaneously. Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates. Revenue Procedure 2009-54 contains additional details regarding the standard mileage rates.
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