A Raise in Your Allowance


BUSINESS TRENDS

L ike the corn in Oklahoma, gas prices are as high as an elephant’s eye this summer—and that’s a hardship for those who do a lot of driving for their employers. The IRS already has upped the deduction unreimbursed travelers can take to 44.5 cents a mile. Now some public companies, including BellSouth and UPS, are following suit. In a recent survey by the Society for Human Resource Management, one in five respondents said their companies already have begun or are planning to soon raise reimbursement rates to the IRS level.

SPONSORED REPORT

Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.