If you’ve never heard of fixed and variable rate (FAVR) reimbursement, or you’re not entirely sure what it is, you’re not alone. While FAVR has been around for awhile, it…
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The 2024 IRS Standard Mileage Rate is $0.67 On December 14th, 2023, the IRS announced the 2024 IRS standard mileage rate as 67 cents. The rate changed from the 2023…
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Your company is ready to part ways with its current vehicle program. Maybe you’ve outgrown it, maybe you’ve held onto it for too long. Regardless, you’re ready to move on….
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Vehicle Ownership and Operating Cost Analyses Reveals Inflation, Fuel Prices, and Acquisition Costs Underpin New Mileage Rate BOSTON, Mass., December 14, 2023 – The Internal Revenue Service (IRS) has unveiled…
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Employees who drive for business purposes have any number of different reasons to drive during their workday. From sales to services, the road can feel like the office to many…
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Over the last few years, the automotive industry has had its share of ups and downs. Between high interest rates, continued supply chain issues, changes in customer demand and the…
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Companies today are constantly seeking more efficient and cost-effective solutions to manage their workforce’s transportation needs in an ever-evolving business landscape. One transition gaining significant traction is the shift from…
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Switching vehicle programs can be daunting. While not often in the spotlight, vehicle programs are an essential function of most, if not all, companies. Making a change can feel like…
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Employers searching for top talent are realizing the importance of employee benefits. Most businesses know the importance of health insurance and wellness programs, 401k matches and paid time off. But…
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