IRS Business Mileage Rate Decreased for 2016

On December 17, 2015, the Internal Revenue Service announced that the standard mileage rates for business will be decreased for 2016.   For the year 2016, the optional standard mileage rate will be 54 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.   …

The PEO Industry is Booming

Over the past few years, small businesses have been making a comeback that has initiated an increased need for Professional Employment Organizations (PEOs). As a result, the PEO industry has grown.   PEO Industry Overview Precise numbers are difficult to calculate because the U.S. Bureau of Labor Statistics and Hoovers provide conflicting definitions of what constitutes a PEO. However, the …

Has Employer Health Insurance Coverage Sky-Rocketed?

Are you concerned about sky-rocketing health insurance costs? A new poll reveals some findings that may quell your fears.   Health Insurance Coverage Study Overview In August 2015, Harris Poll conducted a survey for Transamerica Center for Health Studies on 1,500 business executives across the United States. The study found that after the Patient Protection and Affordable Care Act, coverage is …

The Most Creative Work Excuses

Recently, CareerBuilder surveyed about 2,300 hiring and human resources (HR) managers and 3,300 of their employees to learn about calling-in-sick behavior. The survey found that almost 4 in 10 employees called in sick when they were healthy.   The Work Excuses CareerBuilder’s study also collected the actual excuses that went along with calling in sick. The survey discovered that 27% …