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...
Read more
Managed mobility services (MMS) have emerged from the legacy telecom expense management (TEM) industry as a game-changer for businesses seeking to optimize their mobile strategies or outsource their mobility management to…
Read more
Log… Isn’t that, like, a chopped section of a tree? It is! And that’s kind of where the term originated. Before the days when we had gauges to determine speed,…
Read more
A Legal Overview of Work From Home Reimbursement The world is a different place today than it was a several years ago. The workplace we knew it gained a broader…
Read more
You can’t leave the country without a passport. And you can’t drive your car without the keys. You could probably eat spaghetti without a fork, but it sounds… messy. In a…
Read more
Car allowances are popular among many businesses for a number of reasons. For one, they’re easy to implement. For another, they don’t change a whole lot. Each month, companies reimburse employees who…
Read more
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…
Read more
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.
Read more
Finance teams have always been responsible for reporting on the health and performance of their businesses. Historical reporting according to generally accepted accounting principles (GAAP), however, doesn’t always present the…
Read more
As technology continues to evolve, the corporate world is moving towards the next generation of mobile networks – 5G. As newer technologies are introduced into the market, older devices tend…
Read more