Mileage Reimbursement

How is the Lyft IPO filing impacted by driving costs? Last Friday, Lyft filed its IPO registration, revealing information about the financial health of the organization. This includes the company’s net loss of $911.3 million last year, against revenues of $2.2 billion. As is typical of such filings, the Lyft IPO registration lays out a…

2019 State of Delivery Trend Report Finds That Employers Are at Risk of Lawsuits, as 82 Percent of Employers Don’t Ask Workers to Track Mileage in Any Way BOSTON, Mass., January 30, 2019 – Motus, the premier vehicle management and reimbursement platform, today released its 2019 State of Delivery Trend Report, which reveals key data…

The right home care mileage reimbursement can help home healthcare companies Healthcare as an industry has come a long way. And not just since the invention of penicillin or washing hands. Improvements in technology and the introduction of artificial intelligence to automate administrative tasks has advanced health care a great deal in the last few…

How will the 2019 IRS standard mileage rate impact your business? The 2019 IRS standard mileage rate was announced today as $0.58. Next year’s rate increased 3.5 cents from the 2018 rate. Also referred to as the IRS Safe Harbor Rate and IRS business mileage standard, the IRS standard mileage rate takes into account this…

Is your business services vehicle program benefitting your company? Whether or not your business services vehicle program works for you, you know the industry is a catch all. It includes companies as similar as marketing and advertising firms, or as different as cleaning services and security systems. They’re tied together by one simple fact. They…

What the 2019 IRS Mileage Rate means for your company  As sure as snowfall in winter, the IRS announced the mileage rate of $0.58 for 2019. This rate impacts any company that has employees who drive for work. So, most companies. But what does this rate mean? How will it impact your business? Well that’s what this post is all about. …

Hybrid Vehicle Programs 101   What is a hybrid vehicle program? Simply put – a hybrid vehicle program is a program that brings all of your mobile employees together under one consistent system of record. It’s designed to enhance visibility and control expenses. How? By effectively prescribing mobile employees to the appropriate reimbursement method, best…

How does your mobile workforce stack up? The future is many things. Predictable is not one of them. Maybe the Patriots will make it to the Super Bowl next year, and maybe you’ll find five dollars on the ground today. The fact remains, those are just maybes. And because it doesn’t pay to sink money…

Fuel Prices Are on the Rise: What This Means for Your Company You can’t escape it. The signs are all around you. Literally. Pass any gas station and you’ll see that fuel prices have gone up in the last month, and way up since the past few months. Since September of 2017, actually. This change…

What happened to the F150? After a fire at one of their suppliers on May 9th, Ford halted production of the F150. The Vincentric Best Fleet Value in America Award winner is a common company vehicle in industries with heavy lifting and off-roading requirements: oil and gas, construction, heavy equipment, forestry, fishing and agriculture. Though…