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Is It Time to Switch from a Company Car to FAVR Reimbursement?

by mBurse Team Member, on May 17, 2021 7:00:00 AM

For many industries 2020 was a year of loss, forcing them to re-evaluate priorities and figure out how to survive. COVID-19 is now forcing many organizations to decide whether to continue offering...

The FAVR Car Allowance, Defined

by mBurse Team Member, on Feb 15, 2021 7:00:00 AM

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

Tags: FAVR

IRS Guidelines for 2021 FAVR Car Allowance Programs

by mBurse Team Member, on Jan 4, 2021 7:00:00 AM

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...

The Best Car Allowance for 2021

by mBurse Team Member, on Dec 21, 2020 7:00:00 AM

As we head into 2021, many organizations are taking stock after a challenging and confusing 2020. Now is the time to re-evaluate your current car allowance and re-tool with a flexible and...

Guide to 2021 FAVR vehicle reimbursements

by mBurse Team Member, on Dec 7, 2020 7:00:00 AM

As your business evaluates business vehicle plan options for 2021, adopting a fixed and variable rate reimbursement, also known as a FAVR car allowance, should be high on your list. Find out why...

Tags: FAVR

Company Car vs. Employee Car Reimbursement

by mBurse Team Member, on Nov 30, 2020 7:00:00 AM

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...

Car Allowance or Mileage Reimbursement for 2021?

by mBurse Team Member, on Nov 16, 2020 7:00:00 AM

2020 has been a rough year for everyone. As you head into 2021, your business may be weighing whether to pay a car allowance or mileage reimbursement to employees. Our answer to this question may...

Fixed Costs vs. Variable Costs and Your Vehicle Program

by mBurse Team Member, on Aug 10, 2020 7:00:00 AM

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.

Does Your Mileage Reimbursement Cover Auto Insurance and Depreciation?

by mBurse Team Member, on Apr 27, 2020 7:15:00 AM

With so many Americans working remotely right now, many workers are putting fewer business miles on their vehicles than they did before the COVID-19 pandemic struck. Now is an important time to...

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