Motus has been in the reimbursement game for a long time. While the majority of that has been spent in the vehicle space, we got into asset reimbursement three years…
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You may be wondering why the odometer reading in your vehicle differs from the distance calculated by an online mapping provider. The answer is simple: although vehicle odometer readings are close to the actual mileage traveled, they are not precise. Surprising to many, there is no federal law that regulates odometer accuracy, only guidelines by The Society of Automotive Engineers that allow for a margin of error of plus or minus four percent. A FOX19 report on odometer readings found that four vehicles of different makes all registered inaccurate readings. Some readings overshot the mileage driven, while others under reported the mileage driven. Even a variance of twenty feet per mile driven could result in a discrepancy of over five-hundred miles over the vehicle’s lifetime.
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Who is Motus? The leader in vehicle reimbursement solutions. It’s right there at the top of our website in big white letters. But what does that mean exactly? How do…
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Employees, self-employed individuals and other taxpayers have used the optional IRS standard mileage rate (or Safe Harbor Rate) to compute the deductible costs of operating an automobile for business in…
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In today’s post we’re talking distracted driving and prioritizing your driver safety program. But before we dive in, let’s start with a wild fact. Did you know you’re more likely…
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You know gasoline. It’s that pale brown or pink fluid used to fuel vehicles with internal combustion engines. Vehicles like cars, trucks, jets and ATVs. It also fuels lawnmowers, generators,…
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When you’re drinking a freshly brewed cup of coffee or some other hot beverage, you’re going to want a mug or a thermos. It’s hard to think about drinking it…
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Setting up a company-provided vehicle program means juggling several priorities. Vehicle acquisition and registration is one thing, the company car policy is another. So what is a company car policy?…
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There are four well-known options that companies can choose from for their business vehicle program: company-owned vehicles, flat or car allowance, fixed and variable rate and cents-per-mile (CPM) reimbursement. While…
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