In 2024 take advantage of opportunities to offer a competitive car allowance and provide certainty for valued employees. After two years of rapid inflation, predictability of business reimbursements...
Is your car allowance taxable? It depends on whether it's an IRS-accountable plan or a non-accountable plan.
[Updated for 2024] What are the tax rules for mileage reimbursements? Many employers pay a cents-per-mile rate because it is simple to calculate. But it is important to know the IRS rules about...
A car allowance is a regular payment to employees to offset work expenses associated with a personal vehicle. It is the simplest, easiest way to pay for employee vehicle expenses. But there are a few...
Every business vehicle program needs a checkup from time to time. Whether you pay a car allowance or mileage rate or other form of reimbursement, it is vital to periodically assess the health of your...
Both employers and employees often ask us whether their car allowance or mileage reimbursement should be taxed. Here’s a typical question and how we answer it:
Company car allowances policies are often some of the most overlooked policies in the organization. But these policies are more important than many people realize.
A company car is a huge perk. Employees get to drive a nice vehicle without all the expense and liability. The company can attract top talent while projecting a uniformly classy and trustworthy...
Many organizations have employees who operate vehicles for business purposes. Some issue company vehicles while others reimburse the use of personal vehicles or pay a car allowance. What happens when...
