Driving you forward

Each year, the IRS updates its rules and guidelines for non-taxable, accountable vehicle reimbursements. If your organization uses or is considering a FAVR car allowance, here's what you should know.

0 Comments

The fixed and variable rate allowance (FAVR) provides a tax-free, defensible, and cost-effective tool to offset employee vehicle expenses.

0 Comments
Topics: FAVR

2022 has been an expensive year for most businesses. As you head into 2023, your business may be weighing whether to pay a car allowance or mileage reimbursement to employees. Our answer may surprise...

0 Comments

Now that gas prices have fallen from this summer's historic highs, it is worth considering how to plan for future fuel price volatility and its effects on your business. Adopting a FAVR vehicle...

0 Comments

Many organizations pay a mileage rate to reimburse workers for the use of a personal vehicle. But how do you know it accounts for all reimbursable vehicle expenses? Some expenses like auto insurance...

0 Comments

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...

0 Comments

Most businesses experience both fixed expenses and variable expenses. Knowing the difference is important, especially if your organization reimburses employees for their business vehicle expenses.

0 Comments

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

0 Comments

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...

0 Comments
Topics: Company Cars FAVR

Our Blog

Designed to answer mobile workforce questions impacting your organization.

Subscribe to Email Updates

Recent Posts

Posts by Topic

Blog Archive

Whats your grade?