It’s that time of year again!
For those of you who track mileage for reimbursement through Expensify, make sure to update your standard mileage rate for 2017 if you’re based in the U.S.
Beginning January 1, 2017, the business standard mileage rate will be 53.5 cents per mile, down from 54 cents per mile in 2016.
Hello 2016!
With the new year comes new business resolutions, the start of tax season, and of course, a shiny new and updated IRS mileage reimbursement rate. Hooray! Here’s a quick and dirty run through of the changes and how it affects you and your business travels.
No matter where you are, make sure you get reimbursed correctly for your business travel!
As a result of lower gas prices and other maintenance costs projected for 2016, Continue Reading…
I know I’m not alone when I say taxes can be confusing. So confusing that the annual changes to the laws and rates has given birth to a 7.7 BILLION dollar tax preparation industry. Whether you have someone do your taxes, or you do them yourself, here’s a couple tips for using Expensify in 2014. Continue Reading…
Each year, the IRS updates the reimbursable mileage rate for business travel to reflect the costs for operating a vehicle. With (still) prices going up, you are now able to claim $0.565 per mile travelled in 2013. Check out the full details on the rate change at IRS.gov.
All new Expensify accounts created after the mileage rate change takes effect will already be updated with the new rate.
For personal users, change your rate by going to Settings > Preferences and clicking the ‘change’ button to the right your miles unit.
For policy managers, please go to Settings > Policies > (choose your policy) > Basics and change the ‘Mileage Rate’ of your policies if you are using the IRS rate.
Disclaimer: We do not update everyone’s mileage rate because a vast many of our users utilize company rates as opposed to the IRS rate.
With Tax Day looming, many of you have been asking our Help Desk just how certain you can be that the eReceipts Expensify Guarantees are, in fact, IRS-compatible and really guaranteed.
While we really don’t want to put ourselves in the position of legally advising anyone on their taxes – you should talk to a tax lawyer for that – we can say, with pride, that we meet and exceed all of the requirements put forth by the IRS in Publication 463.
Here are the basic rules to keep in mind:
We worked in close conjunction with the IRS to ensure that our eReceipts would stand up to a tough test – and as one Expensify client recently learned when his contractor expense report with the Department of Defense was audited, these eReceipts stand up to the toughest.
Each year the IRS updates the reimbursable mileage rate for business travel to reflect the costs for operating a vehicle. With prices going up, you are now able to claim $0.51 per mile travelled in 2011. Check out the full details on the rate change at IRS.gov.
Missed logging a few trips this past year? We’ve got plenty of ways for you to make up for it this year!
Get any of our mobile apps and log your travel by entering in miles as the merchant and how far you drove as the amount.
Add how far you traveled and the word miles to the subject line of an email and shoot it off to receipts@expensify.com.
Create a new mileage expense directly from our site and click to show the map – enter in your start, end and any points in between to recreate a visual receipt for your travel.
However you choose to log your miles, we’ll make sure they’re converted to the rate you specify on the preferences tab of your settings page. For everyone still working on your 2010 expenses – make sure to update the mileage rate for the new year once you’re done!
