The Internal Revenue Service announced an increase in the optional standard mileage rates for the final six months of 2011 to 55.5 cents a mile for all business miles driven from July 1, 2011, through Dec. 31, 2011. For 1/1 through 6/30/11 . . .
Be sure to:
- Update the default Unit Cost Rate for you Mileage expense codes
- Check your expense fee schedules
- Add a up-front note to your invoices in July to inform your clients about August bills