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I calculated the pay for 6 different runs , comparing the flat mileage rate to the percentage based pay scale. Based on what I saw, hold off on signing the new contract. 4 of the 6 runs paid considerably less at the percentage rate, and 2 paid slightly better at the mileage rate. The method I...

Greetings from the Garden State, where Blue Cross/Shield has just hit me with a 35% rate increase on my MSA (Medical Savings Account) health insurance premium. This pretty much negates any tax advantage for this type of program. In NJ, you are charged the same rate as everyone in the state (by...

Please address the issue of using standard mileage vs. the actual expense write off. Several "B" unit contractors have recently lost in IRS audits re this deduction. The IRS has issued a Chief Councel Memorandum (CCM) laying down framework for decisions based on the term "for hire," due to lack...