Vehicle Programs

If you have mobile employees, you’re likely using (or considering) a reimbursement program or company cars to provide for their business travel. Our posts explore these options and provide insight into selecting the right vehicle program.

  • If you’ve investigated vehicle reimbursement at all, you have likely come across “FAVR.” FAVR, which stands for “Fixed and Variable Rate”, is an IRS revenue procedure that can be used to reimburse mobile employees tax-free for both the fixed and variable costs associated with driving for business. Put simply, it is the fairest, most accurate,…

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  • For as long as employees have been driving for work, there has been a need to determine their business-related driving expenses. Unfortunately, this is not as easy as collecting a handful of gas station receipts after each trip. To calculate their actual expenses of driving for business, employees must track their business mileage and their…

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  • Every business trip is different, yet many employers reimburse their workers using one static rate. This ignores costs like fuel, which changes with every trip depending on the length of that trip and where in the country workers are traveling. Keep in mind, however, the hidden costs of one-size-fits-all reimbursement programs go far beyond just…

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