The rate starting January 1, 2011 is 51 cents per mile.
Please review your reimbursement policies. If it varies according to the IRS rate you need to double check your reimbursement calculations to include this 51 cents. Also, now is a good time to review your policies on regulations for when employee's drive on company business. Be sure you include statements that driving and speaking or texting on a cell phone is prohibited while driving and what the results can be if they violate this policy.
It is also a good idea to track the insurance policies that employees have to make sure they remain active. Participating in the State of California's DMV Pull Program is another way to keep track of the employee's driving record. These steps can help should an employee be involved in a horrific accident while driving on company business to show you were taking steps to make sure your employees are responsible drivers.
Our firm can assist you in the preparation and implementation of these policies.
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