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Car Allowance Plus Mileage vs. FAVR Reimbursement

by mBurse Team Member, on Nov 4, 2019 3:20:51 PM

Sometimes a monthly car allowance isn't enough to offset employee vehicle costs, so the company adds a mileage reimbursement. A similar approach is called FAVR – fixed and variable rate...

2019 Guide to FAVR reimbursements

by mBurse Team Member, on Sep 4, 2019 3:22:36 PM

In 2019 more and more businesses are finding that their standard car allowance or mileage rate won't cut it under the new tax code. It's time to explore the fixed and variable rate reimbursement,...

Tags: FAVR

The Gas Tax and CA Labor Code 2802 - What to Do about It

by mBurse Team Member, on Aug 13, 2019 2:41:20 PM

As we reported in part 1 of this blog, the state of California raised its gas tax effective July 1, leaving its motorists paying $1 more per gallon than the national average. This creates...

Mileage Reimbursement or FAVR - What's the Best Approach?

by mBurse Team Member, on Jul 22, 2019 10:05:53 AM

Mileage reimbursements for employees are pretty standard in many industries. The approach is straightforward and seems pretty fair. But the IRS-approved FAVR mileage reimbursement is being touted...

Fuel Card vs FAVR - What is better?

by mBurse Team Member, on Jun 17, 2019 7:04:00 AM

As vehicle expenses increase, employees may complain that their car allowance isn't enough. And now that they can no longer deduct mileage on their taxes, these workers are feeling the pinch. Some...

Car Allowance vs. FAVR - Which Is Better?

by mBurse Team Member, on May 28, 2019 5:12:00 AM

Lately there's been a buzz around FAVR vehicle plans, also known as fixed and variable rate car allowances. Many organizations are wondering whether this would be a better alternative to a...

How FAVR Will Help Your Business

by mBurse Team Member, on Apr 8, 2019 9:59:38 AM

As car allowances have undergone increased scrutiny over the past year, more businesses are learning about the Fixed and Variable Rate (FAVR) reimbursement. This IRS-approved alternative to a...

Tags: FAVR

What Is the Fixed and Variable Rate Reimbursement (FAVR)?

by mBurse Team Member, on Oct 22, 2018 8:43:12 AM

The Fixed and Variable Rate (FAVR) reimbursement leverages data to reimburse more precisely and equitably than any other vehicle reimbursement plan, providing a tax-free, defensible, and...

Tags: FAVR

FAVR vs the IRS Mileage Rate - What's Best for Your Business?

by mBurse Team Member, on Feb 20, 2018 5:42:00 AM

From time to time, we like to feature a question we have received. This week, the question revolves around the difference between the Fixed and Variable Rate (FAVR) reimbursement and the company...

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