{"id":5074,"date":"2011-02-25T18:56:18","date_gmt":"2011-02-25T23:56:18","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=5074"},"modified":"2011-02-25T19:06:24","modified_gmt":"2011-02-26T00:06:24","slug":"question-of-the-week-what-are-the-updated-standard-industry-fare-level-rates","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2011\/02\/question-of-the-week-what-are-the-updated-standard-industry-fare-level-rates\/","title":{"rendered":"Question of the Week: What Are the Updated Standard Industry Fare Level Rates?"},"content":{"rendered":"<div class=\"img alignright size-medium wp-image-5076\" style=\"width:300px;\">\r\n\t<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/02\/Corporate-Jet.jpg\"><img src=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/02\/Corporate-Jet-300x199.jpg\" alt=\"What Are the Updated Standard Industry Fare Level Rates?\" width=\"300\" height=\"199\" \/><\/a>\r\n\t<div>What Are the Updated Standard Industry Fare Level Rates?<\/div>\r\n<\/div>This week\u2019s question comes from Trevor, a company president. Some of our employees use our company aircraft for personal purposes. We need to value this and include it income for those employees. What are the updated <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/02\/siflb-20110101.pdf\" target=\"_blank\">Standard Industry Fare Level Rates<\/a>? Answer: The <a href=\"http:\/\/www.dot.gov\/new\/index.htm\" target=\"_blank\">United States Department of Transportation (DOT)<\/a> recently released updated <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/02\/siflb-20110101.pdf\" target=\"_blank\">Standard Industry Fare Level (SIFL)<\/a> rates, which are used to value employee personal use of company aircraft.<\/p>\n<p><strong>Revised Rates Are Effective January 1, 2011 To June 30, 2011<\/strong><\/p>\n<p>The revised <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/02\/siflb-20110101.pdf\" target=\"_blank\">SIFL<\/a> rates are 22.37\u00a2 per mile for 500 or fewer miles traveled, 17.06\u00a2 per mile for greater than 500 miles traveled and up to 1,500 miles traveled, and 16.40\u00a2 per mile for greater than 1,500 miles traveled. The terminal charge is $40.90. These rates apply to the period from January 1, 2011 to June 30, 2011.<\/p>\n<p><strong>Contact Vision Payroll for Updated SIFL Rates<\/strong><\/p>\n<p>Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> if you have any questions on <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/02\/siflb-20110101.pdf\" target=\"_blank\">SIFL<\/a> changes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Are the Updated Standard Industry Fare Level Rates? This week\u2019s question comes from Trevor, a company president. Some of our employees use our company aircraft for personal purposes. We need to value this and include it income for those employees. What are the updated Standard Industry Fare Level Rates? Answer: The United States Department [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[1064,823,824,44,825,826],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5074"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=5074"}],"version-history":[{"count":5,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5074\/revisions"}],"predecessor-version":[{"id":5081,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5074\/revisions\/5081"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=5074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=5074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=5074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}