A growing number of states have expense indemnification labor codes. If your organization pays a car allowance or vehicle reimbursement, here’s how to ensure your compliance – even in times of high...
It's tax season again and time to review the IRS rules regarding business mileage deductions. The Tax Cuts and Jobs Act (2017) made major changes to the rules around miscellaneous tax deductions that...
With prices at the pump spiking, standard car allowances are being outstripped by driving expenses. Switching to a non-taxable car allowance could help employees while reining in high costs.
Gas prices are spiking, adding even further to inflation. Understanding how this will affect employees who operate a vehicle for your company is important.
As vehicle expenses increase, employees may complain that their car allowance isn't enough. Some employers may try adding a fuel card or fuel reimbursement. Others may switch entirely to a mileage...
Interest in FAVR vehicle plans, also known as fixed and variable rate car allowances, is on the rise. Many organizations are wondering about this alternative to a standard taxable car allowance....
The past three tax seasons have placed taxable car allowances under scrutiny because employees can no longer deduct business mileage to offset their taxes. Businesses are turning to non-taxable...
Car allowances remain one of the most popular ways for employers to offset their employees' business vehicle expenses. However, few organizations take time to calculate a fair amount based on...
Every year, when the IRS releases its new standard mileage rates, a new maximum standard automobile cost for FAVR programs is released. The cap for 2022 was increased significantly over 2021.
