|Gas Mileage Reimbursement Rates Applied To Businesses Autos Articles | July 29 , 2008
Gas mileage reimbursement rates for business according to the IRS, including under what circumstances it can be requested
As mentioned by the IRS, several business and the others due to a high gas prices may claim the increase of gas mileage reimbursement. As told by the tax agency, the optional universal rate to compute the deductible operating expenses for business vehicles will increase from 50.5 cents per mile to 58.5 cents for the next six months of 2008.
The rate can also be applied to businesses and others that are entitled to reduction allowances that manage automobiles for medical, moving or charitable purposes. Increasing of gas prices is having a great impact on most Americans. According to Dough Shulman, the commissioner of Internal Revenue Service, the IRS is controlling the universal rates for mileage in order to reveal the actual cost of operating a car. He said that the agency, since 2005 has been monitoring the gas prices to guide the new rate so business establishments can do the midyear adjustments.
The IRS also said that the rate for the computation of deductible moving or medical expenses is changing from 19 cents to 27 cents per mile for the next six months of the year and that could be applied to people who are not entitled to reduction allowances. It is suggested that in order to maintain the 14 cents per mile, the federal government should submit legislation in changing the rate to provide services to charitable institutions.
It is no longer questionable that the expense of operating a vehicle is continuously rising, since gas prices are extensively increasing. This has prompted the government to have the rate raised to better reveal the increasing transportation expenses.
With regards to gas mileage reimbursement, please note the following:
1. The mileage reimbursement only covers the normal trip of your car. You are not allowed to put in for mileage reimbursement and also request reimbursement for oil and gas for the same travel.
2. You can only request the mileage reimbursement for the extra miles traveled. To make sure that they will not deduct your income if there are any mistakes on the computation of the rate per mile, it is suggested that you print out something to verify the extra miles traveled, which will be attached to T&E report for submission.
Article Tags: Mileage Reimbursement
Global Solid Waste Management Market 2019-2025 | Wheelabrator Technologies, Keppel Seghers, Hitachi Zosen, Amec Foster Wheeler
by Kapil Alone · January 8, 2019
Researchmoz added Most up-to-date research on “Global Solid Waste Management Market Insights,Forecast to 2025” to its huge collection of research reports.
Solid Waste Management is a term that is used to refer to the process of collecting and treating solid wastes. It also offers solutions for recycling items that do not belong to garbage or trash.
Solid Waste Management can be divided into five key components: generation, storage, collection, transportation and disposal. As long as people have been living in settlements and residential areas, garbage or solid waste has been an issue. Waste management is all about how solid waste can be changed and used as a valuable resource. Solid waste management should be embraced by each and every household including the business owners across the world.
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Global Solid Waste Management market size will increase to 300 Million US$ by 2025, from 250 Million US$ in 2018, at a CAGR of 2.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Solid Waste Management.
This report researches the worldwide Solid Waste Management market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Solid Waste Management breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
This report focuses on the top manufacturers’ Solid Waste Management capacity, production, value, price and market share of Solid Waste Management in global market. The following manufacturers are covered in this report:
Green Conversion Systems
Amec Foster Wheeler
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Solid Waste Management Breakdown Data by Type
Municipal Solid Waste
Industrial Solid Waste
Solid Waste Management Breakdown Data by Application
Waste to Energy Incineration
Composting and Anaerobic Digestion
Solid Waste Management Production Breakdown Data by Region
Solid Waste Management Consumption Breakdown Data by Region
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The study o.