In a tightly-contested "race", John McCain was voted by HR professionals as the most employer-friendly candidate for president, according to a recent Compensation.BLR.com poll.
Twenty-four percent of business travelers say they've had to share a hotel room with a colleague when traveling for business, according to a survey by Orbitz for Business.
The standard mileage reimbursement rate for employees who use their own cars for business purposes will rise from 48.5 cents per mile in 2007 to 50.5 cents per mile in 2008, the Internal Revenue Service announced.
Hotel rates in key cities throughout the United States, Europe and Asia could experience high double-digit increases next year. This was among the findings of American Express' annual Global Business Travel Forecast released this week, which predicts that continuing demand for travel services will outweigh supply in 2008, driving up rates for airfare, car rentals and hotels around the world.
The cost of business trips will increase again in 2007, as expenses for hotels, airfare, and car travel are expected to rise significantly, USA Today reports.
The Internal Revenue Service is reminding employers that they need to track the amount of expense reimbursement allowances paid to employees on a per diem basis.
The standard mileage reimbursement rate for employees who use their own cars for business purposes will be 48.5 cents per mile in 2007, up from 44.5 cents per mile in 2006, the Internal Revenue Service said.
Citing the steep climb in gasoline prices, the Internal Revenue Service announced on Monday an increase in the optional standard mileage rates for the final four months of 2005.
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