Vehicle programs are a necessary piece of many businesses. From beverage distributors to business services, construction to pharmaceuticals, driving employees play an essential role. It’s also fairly common for companies…
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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…
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Flat car allowance models, in which single, company-wide rates are used to reimburse all employees for any business travel, have historically been a popular method of mileage reimbursement. Unfortunately, though, this model just isn’t flexible enough to reimburse all employees fairly. For example, giving each employee $300 a month to cover all business travel expenses might initially seem like the easiest approach; but by not calculating individualized, location-specific reimbursements, companies usually end up either underpaying or overpaying workers.
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When it comes to driving programs, employer mileage reimbursement is expected. In fact, in many states, employers are legally obligated to reimburse mileage. But there’s a difference between providing mileage…
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If you’ve purchased a ticket for an event over the past five years, you know once it’s in your cart its price will jump by at least 30%. There are…
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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…
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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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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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Reimbursing employees accurately for the business mileage they put on their personal vehicles is no joke. The consequences of not doing so range from increased T&E expenses to legal action….
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