IRS Releases Mileage Rates for 2020

IRS Releases Mileage Rates for 2020

The IRS recently released the mileage rates for 2020. Beginning Jan. 1, the business mileage rate decreased one-half of a cent for business travel driven and three cents for medical and certain moving expenses as compared to the rates for 2019. The charitable rate is set by statute and remains unchanged.

 

2020 mileage rates:

 

57.5 cents per mile driven for business travel

17 cents per mile driven for medical travel

14 cents per mile driven in service of charitable organizations

 

More details can be found here.

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Storytelling: Why Some Business Ideas Catch On–And Others Don’t

Storytelling: Why Some Business Ideas Catch On–And Others Don’t

Sometimes the success of a business idea and gathering support for it is accomplished through great storytelling, says Carmine Gallo, author of The Storyteller’s Secret: From TED Speakers to Business Legends, Why Some Ideas Catch On and Others Don’t. According to Gallo, people connect to stories featuring heroes and villains, capturing struggles and failures, and ending, ultimately, with a triumphant victory. These stories don’t have to be fictional fairytales—they can be the narrative you use to garner support among your employees for a new idea or process. Gallo recalls how former Apple co-founder Steve Jobs used stories when launching a […] Read more

Lessons from Horses: Equines Inspire Business Leadership

Lessons from Horses: Equines Inspire Business Leadership

Neurosurgeon, professor and horseman Allan J. Hamilton elaborates in his new book, Lead With Your Heart: Lessons From a Life with Horses, on the leadership lessons he’s learned through his work with horses. Hamilton makes five important points:

Agendas hurt relationships: you can’t force something (like productivity) according to a timeline. Remember to consider the welfare and well-being of your employees first and you’ll create a loyal workforce.
Find the curve of compromise: If, as a leader, you find yourself creating a line of resistance, switch gears and think of alternatives that will allow the other party to be willing to flow […] Read more