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How to Save Money with a Tax-Free Car Allowance

by mBurse Team Member, on Feb 22, 2021 7:00:00 AM

It's tax season, and filers will again be reminded that they cannot deduct miscellaneous business expenses if they are an employee. This means no mileage deduction for workers who receive a car...

The FAVR Car Allowance, Defined

by mBurse Team Member, on Feb 15, 2021 7:00:00 AM

The fix and variable rate allowance (FAVR) provides a tax-free, defensible, and cost-effective tool to offset employee vehicle expenses.

Tags: FAVR

2020 Tax Deductions for Remote and Mobile Workers

by mBurse Team Member, on Feb 8, 2021 7:00:00 AM

While independent contractors have a lot of options for deducting business expenses on their 2020 tax returns, employees face limitations due to the 2017 tax reform. With more people than ever...

3 Questions to Improve a Typical Car Allowance

by mBurse Team Member, on Feb 1, 2021 7:00:00 AM

Company car allowances policies are often some of the most overlooked policies in the organization. But these policies are more important than you might think.

Three Alternatives to a Company Car

by mBurse Team Member, on Jan 25, 2021 7:00:00 AM

A company car is an amazing perk to an employee. But it is a high expense for an employer, and an underutilized tool during the pandemic, pushing some companies to look for alternatives. Here are...

Employee Auto Insurance: New Year, New Policy?

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

If you have employees that drive a personal vehicle for work, their level of car insurance coverage could form a major risk factor for your organization. It is vital to put in place policies that...

Tags: Risk

Should a Company Pay Less than the IRS Mileage Rate?

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

When deciding on a mileage reimbursement rate, many companies look for guidance to the published standard mileage rates from the IRS. But the question of whether to pay that exact rate to...

IRS Guidelines for 2021 FAVR Car Allowance Programs

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

Each year, the IRS updates its rules and guidelines for non-taxable, accountable vehicle reimbursements. If your organization uses or is considering a FAVR car allowance, here's what you should...

5 New Year's Resolutions for Car Allowances

by mBurse Team Member, on Dec 28, 2020 7:04:09 AM

If your organization currently pays a car allowance to its employees, here are five resolutions for 2021. Following these steps will benefit employees and prove a good investment in the new year.

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