Tag: Vehicle Reimbursement

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Vehicle Reimbursement

2024 IRS Business Mileage Rate of 67 Cents Informed by Motus Cost Data and Analysis 

Motus on December 14, 2023

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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Industry Trends Vehicle Reimbursement

Mileage Fraud in the Workplace

Xochitl Arteaga on September 14, 2023

Employee integrity within the workforce is something desired by all, but sometimes it is inevitably unattainable. As it turns out, one of the most common examples of employee theft happens…

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FAVR Reimbursement plan
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Mobile Workforce Vehicle Reimbursement

What is a FAVR Vehicle Reimbursement Plan?

Alexis Reed on August 29, 2023

If you’ve looked into vehicle programs and ways to reimburse employees for mileage, you’ve likely come across the most popular options: company-provided vehicle programs, car allowance programs, mileage reimbursement programs…

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Mobile Workforce Vehicle Reimbursement

What is the Current IRS Mileage Rate? How Does it Impact Your Business?

Xochitl Arteaga on July 27, 2023

Every year, the IRS announces a new mileage rate. That number is generally somewhere between 30 cents and 60 cents. And it has considerable impact on many companies’ vehicle programs….

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Vehicle Reimbursement Program
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Mobile Workforce Vehicle Reimbursement

How Your Business Can Benefit from Motus’ Vehicle Reimbursement Program

Alexis Reed on April 13, 2023

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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Mobile Workforce Vehicle Reimbursement

Best Business Mileage Tracker

Ben Reiland on December 6, 2022

Not every vehicle program requires mileage logs. For companies with fleets and car allowances, capturing business mileage may seem like busy work. However, mileage logs are more than just the foundation for…

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Finance Focus Mobile Workforce Vehicle Reimbursement

Budgeting for Your Auto Reimbursement or Other Vehicle Program

Ben Reiland on October 18, 2022

Whether it’s an auto reimbursement or fleet, budgeting for your vehicle program is an important step in preparing for the coming year. But the amount of effort required depends largely…

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IRS Rate for Reimbursement
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Mobile Workforce Vehicle Reimbursement

Mileage Reimbursement and the IRS Mileage Rate

Xochitl Arteaga on July 8, 2022

When it comes to mileage reimbursement, employers have many options to choose from. Those options include: car allowances, the IRS mileage rate, cents-per-mile rates (other than the IRS) and fixed…

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how to calculate mileage reimbursement
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Mobile Workforce Vehicle Reimbursement

Vehicle Programs: How to Calculate Mileage Reimbursement

Ben Reiland on May 25, 2022

Running a mileage reimbursement, or cents-per-mile (CPM), program without a properly-calculated mileage reimbursement rate can result in many challenges. Using a rate that suits their driving employees will help navigate…

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