We have felt the impact of the increase in fuel prices over the past year. In response to this, the IRS has provided some modest relief. Yesterday, the IRS announced an increase in the business mileage rate of 4.5 cents to 55.5 cents per mile, effective for business miles driven from 7/1/11 to 12/31/11. Please contact us if you have questions regarding this change and how it affects you.
/posted by Myron Fisher, CPA
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