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What Is a Fixed & Variable Rate (FAVR) Reimbursement Plan?

by mBurse Team Member, on Sep 27, 2021 7:00:00 AM

The fixed and variable rate (FAVR) reimbursement provides a tax-free, defensible, and cost-effective tool to offset employee vehicle expenses. Leveraging data to reimburse auto expenses, FAVR is...

Tags: FAVR

FAVR Car Allowance vs Cents-Per-Mile

by mBurse Team Member, on Sep 20, 2021 7:00:00 AM

From time to time, we like to feature a question we have received. This time, the question is about whether a fixed and variable rate reimbursement (aka FAVR car allowance) is superior to a...

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...

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