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Department of Treasury

IRS Revises Mileage Reimbursement Rate for 2011

July 12, 2011 by Kathryn Carlson

In  Announcement 2011-40 , the Internal Revenue Service (IRS) has revised the optional standard mileage rates for computing the deductible costs of operating an automobile for business purposes. While gasoline costs are a major factor the IRS also considered depreciation and ...

Posted in: Department of Treasury, HR: Industry Updates Tags: 2011 revised mileage rates, business miles, IRS, mileage reimbursement rates Read More

Auto Dealerships: Is Your Customer’s Information Really Secure?

June 22, 2011 by Tamara Lischer

Ever since the Federal Trade Commission (FTC) passed the Safeguards Rule, customer information security has been a hot topic over the past several years for auto dealerships. The FTC mandates that auto dealerships have a formal, written, and revisable program specifying the s...

Posted in: Department of Treasury, HR: Industry Updates Tags: Customer Information Security, Dealership Information Security, federal trade commission, Safeguards Rule Read More

2011 Mileage Reimbursement Rates Increasing

December 29, 2010 by Kathryn Carlson

The Treasury Department has increased the standard mileage reimbursement rates effective January 1, 2011 ( although only a one cent increase)  to 51 cents per mile for business miles driven. Additional increased mileage rates are as follows: 19 cents per mile drive...

Posted in: Department of Treasury, HR: Industry Updates Tags: business miles, IRS, mileage, mileage reimbursement rates Read More