The Internal Revenue Service sets its “Safe Harbor” standard mileage rate
each year in mid-December. While many companies use this rate as an easy rate by which to reimburse employees who drive for work, the Safe Harbor Rate is actually not
a recommended reimbursement rate or methodology.
In the following slides, Motus
CEO Craig Powell breaks down the key facts that accountants need to know about the Safe Harbor Rate – including how to use it correctly and alternative approaches that could provide more fair, accurate and cost-effective mileage reimbursements.