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.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.