vehicle programs

It’s official: the 2021 IRS standard mileage rate is $0.56. The new year’s rate, announced on December 22, is 1.5 cents less than the previous year’s rate. While this news may not be shocking to us, it might be new to you. Here we’ll be breaking down what the IRS Standard mileage rate is, changes…

Motus Reveals Trends Underpinning the New Rate in Wake of COVID-19, and Guidance on Mileage Reimbursement Practices BOSTON, Mass., December 22, 2020 – The Internal Revenue Service (IRS) today announced the 2021 business mileage standard rate of 56 cents, calculated with data provided by Motus. As the definitive leader in reimbursement solutions for businesses with…

This year has been far from an easy one for anyone, and, barring alien invasion or the moon exploding, will likely remain a standout for years to come. You might be ready for a new year, but we have several months to go. Opening your eyes to new insights and ideas that can control costs…

Vehicle programs. Whether you’re in the pizza business, the healthcare space or any of the numerous business services markets, chances are you have one. They’re often so much a part of what your company does, it’s hard to imagine there are different types, or that you might have the wrong one. So what might the…

Key Insights for Companies with Fleets in 2019 Each year, Motus publishes the Mobile Workforce Benchmark Report. It’s our most extensive report, with everything you need to know about the state of vehicle programs today. Looking for key statistics for company car programs, or to compare your own fleet with those of your peers? You’re…

How can the 2019 Mobile Workforce Benchmark Report improve your vehicle program? For most companies, keeping the status quo is a no go. That’s as it should be. The company that doesn’t change is one that goes obsolete. And there’s always another rung to reach on the ladder of success. The same can be said…

Motus Mobile Workforce Benchmark Report Sheds Light on U.S. Company Vehicle Programs BOSTON, Mass., August 15, 2019 – Motus, the premier vehicle management and reimbursement platform, today released its 2019 Mobile Workforce Benchmark Report, which identified rising costs, increased business mileage and volatile fuel prices as key trends that affected the mobile workforce in 2018….

Offsetting the Effects of Car Depreciation with Motus When you purchase a vehicle, whether it be fresh off the lot or used from a dealership or online marketplace, this asset depreciates as soon as you start driving it on the road. Simply put, car depreciation can be defined as the declining value of an asset…

How the IRS Impacts Your Company’s Vehicle Program Companies generally think of visits from the IRS the same way people think of being served a subpoena. Whether it’s the possibility of an audit, or just … well, anything to do with an audit, not complying with IRS guidelines can be risky. And your vehicle program…

What is a mileage allowance program and how does it work? Mileage allowance. Sometimes, you hear a term and all you have are questions. What is a mileage allowance? How can it affect my company? What company does it work best with? Should my company be using it? The world of business vehicle programs is…