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...
If your company pays a monthly vehicle stipend, 40% or more of that money could go to federal and state coffers. With tax withholding reducing so much of an employee's take-home from a car allowance,...
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,...
You company's car allowance covers a wide range of employee vehicle expenses. If it is not high enough, the allowance could impact your employee retention. If you have not adjusted the allowance...
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...
Your employer may provide you with a car allowance or a mileage reimbursement to pay for the business use of your personal vehicle. If your job requires you to use a vehicle to carry out...
If you can’t quantify what your car allowance covers, you could be in trouble. Vehicle costs have risen significantly, and employees no longer have the ability to deduct business mileage on their...
In the post-pandemic, post-tax reform economy, it is more important than ever to offer a flexible car reimbursement. The secret is to start with a standardized vehicle, not a standardized rate. This...
