A standardized mileage rate, such as the IRS rate, and employee-reported mileage both can make it hard to control costs while supporting employees sufficiently – here are three best practices to fix...
If you drive a personal vehicle for work, your employer may pay a mileage rate to offset the costs you incur. Once you know the mileage rate, it's easy to calculate the reimbursement. But is that...
When it comes to providing a car allowance or reimbursement to employees, it is important to craft a financially sustainable plan. Here are five ways to achieve accurate reimbursements without cost...
An IRS-approved, tax-free plan, the fixed and variable rate (FAVR) allowance reimburses employee vehicle expenses accurately and equitably. Leveraging data to reimburse auto expenses, FAVR is more...
You don’t have to overpay to reimburse your employees – unless, that is, you’re paying the IRS standard mileage rate. With ease comes a price, but there are alternatives.
A company car is one of the most attractive benefits an employee can receive. But the IRS tax rules surrounding business vs. personal use of a company vehicle can be a challenge to administer.
Policies governing employee vehicle use and reimbursement affect many areas of an organization. The key is to fit these policies to your core objectives while boosting employee satisfaction and...
A car allowance is the simplest way to offset an employee’s cost of operating a personal vehicle for business use. Many organizations pay the allowance every pay period as taxable compensation,...
Every HR leader wants to ensure that employees are treated with fairness in compliance with applicable laws. When it comes to vehicle reimbursements, a fair, compliant policy can go a long way to...
