DATABASICS Time & Expense Blog

2016-2017 European VAT Rate Changes

The new year brings significant changes to the VAT rates in Europe – is your Expense Solution set up to support the most efficient VAT reporting and recovery?

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HST Alert: Canada – HST Rate Increase Canceled in Newfoundland & Labrador

Cancellation of the Harmonized Sales Tax Rate (HST) increase on April 30, 2015, the Government of Newfoundland and Labrador announced its intention to increase the rate of the Newfoundland and Labrador component of the Harmonized Sales Tax (HST) to a rate of $.010 effective January 1, 2016, resulting in an HST rate of $0.15. 

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2016 Standard Mileage Rates for Business

Reimbursing employees for business use of a personal vehicle is generally based upon mileage.

The current federal rate is $0.575/mile, and starting Jan. 1, 2016 the standard milage rate will be $0.54/mile. Beginning on Jan. 1, 2016, the standard mileage rates will be:

  • Business: $0.54 cents per mile, down from $0.575 cents for 2015
  • Medical or...
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Six Signs You Need An Expense Reporting Makeover

Expense reporting solutions have made large advances in recent years. If you haven’t reviewed your expense reporting process lately you may be short-changing your employees, accounting team, and operational budgets! 

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