In a report last year, LinkedIn estimated that the cost of losing an employee often equals 1.5 to 2 times that employee's salary. Here are some ways to calculate that cost – and to determine whether...
For most organizations that employee a mobile workforce, the vehicle reimbursement plan may be viewed through the lens of employee benefits or budgeting. But the tools you use to reimburse drivers...
How do you measure the productivity and efficiency of your mobile workforce? Your organization's mileage log may be an underutilized tool to provide the data necessary to improve productivity and...
Mileage logs are necessary if you pay a mileage reimbursement or fuel reimbursement. The type of mileage log you use can significantly increase or decrease company costs.
As we discussed in our last post, it is vital to base your vehicle reimbursement operating budget on vehicle expense data. This will help your organization control costs. But there are a few key...
The travel and expense (T & E) category of an operations budget is one of the toughest to control. One easily overlooked subcategory is reimbursement for vehicle travel. Performing a review of this...
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 know.
On December 29, the IRS released the 2023 federal mileage rate for business use. The exact amount of the increase is less important than how the federal mileage rate is used.
Offering a competitive car allowance in 2023 could get expensive. Auditing your policies can help you boost driver benefits while reducing costs.
