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...
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 a...
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 know.
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 we...
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...
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 shore...
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. What...
