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How to Quantify Your Car Allowance Amount for Employees

by mBurse Team Member, on Oct 18, 2021 7:00:00 AM

If you can’t quantify what your car allowance covers, you could be in trouble. Vehicle costs have risen significantly, and employees no longer have the ability to deduct business mileage on their...

The Rising Costs of a Company Fleet

by mBurse Team Member, on Oct 11, 2021 7:00:00 AM

As the prices of new and used vehicles continue to rise and gas prices remain historically high, businesses are increasingly forced to ask whether the company car is still worth it.

Tags: Company Cars

Top 5 Reasons to Revisit Your Car Allowance in 2022

by mBurse Team Member, on Oct 4, 2021 7:02:00 AM

As the fourth quarter begins, we near the fourth year in which employees who receive a car allowance cannot write off mileage on their tax returns. This reality combined with rising gas prices,...

What Is a Fixed & Variable Rate (FAVR) Reimbursement Plan?

by mBurse Team Member, on Sep 27, 2021 7:00:00 AM

The fixed and variable rate (FAVR) reimbursement provides a tax-free, defensible, and cost-effective tool to offset employee vehicle expenses. Leveraging data to reimburse auto expenses, FAVR is...

Tags: FAVR

FAVR Car Allowance vs Cents-Per-Mile

by mBurse Team Member, on Sep 20, 2021 7:00:00 AM

From time to time, we like to feature a question we have received. This time, the question is about whether a fixed and variable rate reimbursement (aka FAVR car allowance) is superior to a...

3 Reasons NOT to Use the IRS Mileage Rate for Reimbursements

by mBurse Team Member, on Sep 13, 2021 7:00:00 AM

The IRS mileage rate was designed to be a tax deduction tool for individual taxpayers, but it has become the standard rate for business vehicle reimbursements. The results are costlier than you...

Three Questions to Ask about Your Company Car Allowance

by mBurse Team Member, on Sep 6, 2021 7:08:00 AM

Company car allowances policies are often some of the most overlooked policies in the organization. But these policies are more important than many people realize.

3 Reasons Taxable Car Allowances Don't Make Sense after Tax Reform

by mBurse Team Member, on Aug 30, 2021 7:00:00 AM

In 2017 Congress passed a massive tax reform for the years 2018-2025. Under the rules of these tax years, paying a taxable car allowance just isn't worth it.

Why Your $600 Car Allowance Violates CA Labor Code 2802(a)

by mBurse Team Member, on Aug 23, 2021 7:00:00 AM

If your employees travel for business in their personal vehicles, and they receive a flat car allowance, you are probably violating California’s labor code. CA Labor Code, Section 2802(a),...

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