Is your car allowance taxable? It depends on whether it's an IRS-accountable plan or a non-accountable plan.
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.
Sales reps are responsible for bringing business your way and securing long-term relationships with clients. To optimize sales, it is vital to provide a robust, sufficient vehicle reimbursement...
Your standard auto allowance plan probably isn’t IRS-compliant. In this Q&A we'll tell you why, and how to create an accountable auto allowance plan.
Employees who drive a personal vehicle for work often receive a vehicle allowance to offset costs. Most people receive the allowance as a monthly lump sum. But does that monthly payment cover all...
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,...
In 2017 Congress passed a massive tax reform for the years 2018-2025. Under the rules of these tax years, paying a taxable car allowance just isn't worth it.
