The fix and variable rate allowance (FAVR) provides a tax-free, defensible, and cost-effective tool to offset employee vehicle expenses.
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...
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...
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...
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...
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...
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.
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...
With the COVID-19 pandemic hitting the United States, it's no longer "business as usual." As painful economic losses mount and more people work from home, we are entering an unprecedented phase....
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