Proof of employees' auto insurance will not be enough to protect your business in the event of an accident. It is vital to keep records of each employee's insurance policy declarations pages. Read on...
What is your car allowance amount based on? If it’s not based on data, you could be in trouble. You may be overpaying or underpaying. You may face increased attrition rates or productivity losses or...
Thinking about adding a fuel card or fuel reimbursement to your car allowance? in times of high gas prices, this is a common consideration. Here’s what you need to know.
With gas prices at record levels, it raises the question of whether a company's car allowance or vehicle reimbursement program should factor in the fuel efficiency of the vehicles being used.
GPS mileage apps are quickly becoming the preferred way for both businesses and independent contractors to keep track of mileage for work and tax purposes. Along with these apps come privacy...
Effective July 1, the IRS has increased the standard business mileage rate for 2022 by 4 cents per mile to 62.5 cents per mile. Due to the inherent limitations of reimbursing with this mileage rate,...
If you pay a car allowance to employees working in the state of California, be aware that these workers face a unique set of conditions. Between strict labor laws and high vehicle expenses,...
As of July 1, the IRS has increased the 2022 business mileage rate by 4 cents to 62.5 cents per mile. With U.S. gas prices averaging around $5 per gallon, the IRS made a rare move to hike rates...
For companies that pay a vehicle reimbursement to employees, the IRS mileage rate has often been viewed as the gold standard. However, the mileage rate's lack of transparency is causing employers...
