IRS released the 2012 mileage rates as follows:
Business rate - 55.5 cents per mile
Medical or moving - 23 cents per mile
Charitable - 14 cents per miles
Year end is a good time to review employee wage compliance.
The Fair Labor Standards Act (FLSA) which is regulated under the Department of Labor (DOL) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards. Employers should take the time to review those policies to ensure full compliance with FLSA. Anything short of full compliance places employers at risk of lawsuits and fines. Here is a short summary of those guidelines.