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.
Company car allowances are often some of the most overlooked policies in the organization. Here are three questions to help you assess what rate your vehicle allowance policy should pay.
Offering a competitive car allowance in 2023 could get expensive. Auditing your policies can help you boost driver benefits while reducing costs.
The story of 2022 heading into 2023 is inflation. Everyone is experiencing higher costs. One way for your business to reduce costs is to switch from paying a standard car allowance to a tax-free car...
A company car is an amazing perk to an employee. But it is a high expense for an employer. With the prices of new vehicles at historic highs, 2023 is a good time to consider alternatives. Here are...
What's an industry standard car allowance? Turns out, most companies ignore their employee car allowance when they could instead turn it into a business tool to attract and retain talent.
The Illinois Wage Payment and Collection Act, California's Labor Code Section 2802, and other state labor laws require full reimbursement of employee business expenses. In an inflationary economy...
The fixed and variable rate allowance (FAVR) provides a tax-free, defensible, and cost-effective tool to offset employee vehicle expenses.
