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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...

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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...

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Topics: Company Cars FAVR

In 2017, California approved a law that increases the gas tax every year on July 1 based on the California Consumer Price Index. As gas prices continue to rise, business owners face serious...

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As vehicle expenses increase, employees may complain that their car allowance isn't enough. Some employers may try adding a fuel card or fuel reimbursement. Others may switch entirely to a mileage...

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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....

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The past three tax seasons have placed taxable car allowances under scrutiny because employees can no longer deduct business mileage to offset their taxes. Businesses are turning to non-taxable...

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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 2022 was increased significantly over 2021.

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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 more...

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Topics: FAVR

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...

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