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| IRS Increases Mileage Rates through Dec. 31, 2008 |
WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
The rate will increase to 58.5 cents a mile for all business miles driven from July 1, 2008, through Dec. 31, 2008. This is an increase of eight (8) cents from the 50.5 cent rate in effect for the first six months of 2008, as set forth in Rev. Proc. 2007-70.
In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2008. The IRS normally updates the mileage rates once a year in the fall for the next calendar year.
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| Weblink: |
www.irs.gov |
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| Welcome Jessica Schatz to Financial Services |
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The Office of Financial Services is pleased to introduce Jessica Schatz, CPA as the new Assistant Controller for Claremont McKenna College and Pitzer College.
Ms. Schatz, formerly an Audit Senior with the public accounting firm Capin Crouse, LLP, served not-for-profit clients throughout the West Coast. Ms. Schatz received her undergraduate degree in accounting from Azusa Pacific University in Azusa, California, and is a Certified Public Accountant in the State of California.
Jessica may be reached at extension 72618 or jessica_schatz@cuc.claremont.edu.
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| IRS Announces 2008 Mileage Rate Change |
Beginning Jan. 1, 2008, the standard mileage rates for the use of a car(including vans, pickups or panel trucks) will be:
50.5 cents per mile for business miles driven
19 cents per mile driven for medical or moving purposes; and
14 cents per mile driven in service of charitable organizations.
The new rate for business miles compares to a rate of 48.5 cents per mile for 2007. The new rate for medical and moving purposes compares to 20 cents in 2007. The rate for miles driven in service of charitable organizations has remained the same.
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile; the standard rate for medical and moving purposes is based on the variable costs as determined by the same study. Runzheimer International, an independent contractor, conducted the study for the IRS.
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| Weblink: |
http://www.irs.gov |
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| Robert A. Walton Announced As Chief Executive Officer for Claremont University Consortium |
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CLAREMONT, Calif. — The election of Robert A. Walton as Chief Executive Officer for Claremont University Consortium was announced today by Robert E. Gipson, Chairman of the CUC Board of Overseers. Mr. Walton will assume the position July 1, 2007.
Robert Walton has been Vice President for Finance and Business at The College of Wooster, in Wooster, Ohio, since 1999. At Wooster, he oversees an annual operating budget of $90 million and is responsible for managing all non-academic services and functions, including auxiliary operations, information technology, human resources, contract management, and management of the College’s endowment. During Mr. Walton’s term as Vice President, more than $92M in capital projects were initiated or completed, including renovation and new construction. In addition, Bob has served as the College’s representative to key collaborative efforts, including the Operating Committee of the Ohio Five Colleges, Inc. [Wooster, Kenyon, Ohio Wesleyan, Oberlin, and Denison].
Previous to Wooster, Mr. Walton served as Executive Vice President and Chief Financial Officer at Innovative Interfaces, Inc., a leading supplier of information technology to university and government markets, for whom he opened and managed offices in the United Kingdom, Sweden, Spain, and Taiwan. He has also worked for the Texas State Library and Archives Commission as a librarian and director of the Data Processing and Technology Center, and concurrently served as an adjunct faculty member at the University of Texas at Austin, Graduate School of Library and Information Science.
Mr. Walton has both Bachelor of Science and Master of Library and Information Science degrees from the University of Texas at Austin. Mr. Walton presently serves on several corporate boards, including iPost Corporation, the Seaman Corporation, and Abbott Capital Private Equity Investments, Inc. He is an elected member of the Wooster City School Board, and is a former chairman of the Wooster Chamber of Commerce Board of Directors.
Reg Gipson, Chairman of the CUC Board of Overseers, in announcing Mr. Walton’s election, stated, “The CUC Board of Overseers is unanimous in their support of Mr. Walton. All agree he brings a combination of experience and talents to provide exceptional leadership for CUC in the years ahead.”
Brenda Barham Hill will continue to serve as CEO of CUC through January 31, 2007. Arrangements for interim executive leadership through June 2007 will be announced later this month. Mr. Gipson added his appreciation for the excellent leadership provided by Dr. Hill during her six years of leadership of CUC during a crucial period in its development.
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| Claremont Colleges Calendar |
| Click the following link to view a complete Calendar of Events at The Claremont Colleges |
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| Weblink: |
http://www.collegescalendar.org/index.cfm |
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