On December 3, 2009, the Internal Revenue Service announced a reduction to the optional standard mileage rates for 2010.
For the year 2010, the optional standard mileage rate will reduce from 55 cents to 50 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.
The rate for computing the deductible medical or moving costs have also reduced to 16.5 cents per mile, however the rate for providing services for charitable organizations has remained unchanged at 14 cents per mile. For further information you can go to the IRS announcement at: http://www.irs.gov/newsroom/article/0,,id=216048,00.html
The Bush administration’s new overtime regulations business website hosting especially are causing havoc for employers in 18 states with their own overtime statutes. Employers there must compare the new federal rules to existing state laws ecommerce website hosting and then follow the combination of provisions that give workers the best deal.
Questions also remain in the 32 states with “me-too” laws that typically adopt changes to the federal wage and hour regulations. At least one governor, Maine’s John Baldacci (D), is balking at picking up the federal overtime changes and has unveiled his own proposal reseller hosting.
The U.S. House of Representatives vote Sept. 9 to block the new rules, but that action may not hold. GOP leaders on Capitol Hill vow to strip the language from the overall package an appropriations bill that funds the U.S. adult web hosting departments of Labor, Education and other agencies. The White House has warned that the president may veto the entire package unless lawmakers remove the overtime language.
Ultimately, the November elections could determine whether the new federal requirements stand. Democratic nominee John Kerry, backed by labor groups, has denounced the changes and vowed to roll them back, claiming they provide less wage protection. Likewise, legislative elections could influence acceptance at the state level.