12/27/2010
The IRS last month published the optional mileage rates used to calculate the deductible costs of operating a vehicle for business. Starting on Jan. 1, the standard mileage rate for the use of a car, van or pickup will be 51 cents per mile for business miles driven, up from 50 cents in 2010.
12/24/2010
Chicago-area employers spent the past few years nixing pay raises, cutting the number of paid holidays and even skimping on pension plans. Yet at the area’s trade associations, turnover was down 11.7% in 2010. Reason: Many of the associations, trying to hang onto good employees, have increased popular alternative benefits.