Tag: Compensation

IRS and Expense Reimbursements—Don’t Get Stuck with the Taxes

Automobile Reimbursements The IRS sets the rate it allows employers to deduct per mile for the reimbursement of employees who use their own cars (including vans and pickup or panel trucks) for company business. (The IRS decreased the rate for 2014 to 56 cents per mile, a .5-cent decrease over the 2013 rate.)

Federal contractor ‘pay transparency’ rule up for comment

by Tammy Binford The U.S. Department of Labor (DOL) has published a proposed rule aimed at ensuring that employees of federal contractors are allowed to discuss their compensation. The proposed rule, which was published in the September 17 Federal Register, gives interested parties until December 16 to submit comments. The rule’s language prohibits federal contractors […]