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.
Interest in FAVR vehicle plans, also known as fixed and variable rate car allowances, is on the rise. Many organizations are wondering about this alternative to a standard taxable car allowance....
More and more businesses have been choosing to adopt FAVR programs over traditional car allowances, mileage reimbursements, and fleet programs. Here's a brief overview of FAVR car allowances and why...
Many sales reps receive a car allowance to cover their vehicle travel costs. By adopting a FAVR car allowance and adding a mileage app, you can turn that monthly payment into a source of productivity.
With inflation running high and employees unable to deduct business mileage on their tax returns, businesses are turning to non-taxable car allowances. The best option is the fixed and variable rate...
How do you know if your company vehicle allowance amount is fair to employees? The answer is not to compare it with the average vehicle amount nationwide.
If your business operates in multiple states in New England, it helps to know the different laws that apply to business reimbursements. You want to choose the vehicle reimbursement method that will...
Every year, when the IRS releases its new standard mileage rates, a new maximum standard automobile cost for FAVR programs is released. The cap for 2024 was increased once again as vehicle costs...
Employees working in California are covered under one of the country's strictest labor codes. Here's how to properly reimburse your employees for the use of a personal vehicle for work.
