Flash: IRS increases mileage reimbursement rate to 58.5 cents/mile.
For miles you drive your personal car for business purposes you can deduct 58.5 cents per mile on your tax return.
The new rate is effective for miles driven between July 1, 2008 and December 31, 2008.
The old rate that went into effect [...]

With April 15th just around the corner, a number of people are preparing their income tax returns and have asked us about the 2007 mileage allowance rate — the reimbursement rates to use for business use of their personal automobile.
The 2007 rate for actual miles driven for business purposes is 48.5 cents.
The 2007 IRS mileage [...]

Knowing your effective tax rate can help you make more profitble business decisions because you’ll know how much of every dollar of sales and pre-tax profits you keep, after you pay income taxes, And how much pretax income you have to generate to accumulate a certain amount of cash or cash flow for spending.
A good rule of thumb or [...]

Selling prices range from low to high and up and down. There are several ways to calculate selling prices.

One way is to study market prices and market pricing — the prices your competition charges for the same goods and services [but, by the way, The Revenue Miner™ is Not a big fan of merely [...]

One of the best ways to generate the revenue you deserve is to make sure your employees charge your customers the right prices for all the goods and services they purchase.
 
I am Not implying that your employees or team members are cheating or stealing from you. Simply put, some things fall through the cracks. . [...]

One of the best ways to make more money and increase your bottom line is to charge your clients for expenses (expense reimbursement). FedEx and UPS charge a fuel surcharge to defray their extra fuel costs. Service firms including accounting firms, law firms and consulting firms charge their clients for expenses (expense reimbursement) for decades.
While [...]

To cut your business taxes and cut income taxes relating to expense reimbursement and the IRS mileage allowance, follow the tax principle of symmetry. When you receive reimbursement that’s taxable income or an expense reduction, make sure you recognize the expense or record the corresponding expense. This will help you avoid paying extra income taxes.

This [...]

Business Use of Your Automobile. The Internal Revenue Service allows tax deductions for the business use of automobile. As of January 1, 2008, the 2008 optional standard mileage rates used to calculate the tax deductible costs of operating an automobile for business equals 50.5 cents (50.5¢) per mile. The Standard Mileage Allowance or Mileage Reimbursement Rates are issued by The Internal [...]