Driving you forward

A company car is an amazing perk to an employee. But it is a high expense for an employer. With the prices of new vehicles at historic highs, 2023 is a good time to consider alternatives. Here are...

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Record vehicle prices and inflation in vehicle costs raise the question of whether to continue offering a company vehicle to employees. Some organizations might considering switching some or all...

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A company provided vehicle has always been a huge perk. However, recent trends have made it more expensive to maintain a company fleet. Is switching to a car allowance or vehicle reimbursement a...

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Topics: Company Cars FAVR

As the prices of new and used vehicles continue to rise and gas prices remain historically high, businesses are increasingly forced to ask whether the company car is still worth it.

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Topics: Company Cars

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.

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If your organization provides a company vehicle to employees, now is a good time to evaluate the tools you are using to support this program. Adopting effective personal use chargeback procedures and...

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Topics: Company Cars

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