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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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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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…
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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…
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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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Motus, the all-in-one platform that simplifies mobile work and expense management, is excited to announce that our Managed Mobility Services (MMS) team is hitting the Las Vegas strip! The Channel…
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