No federal law requires employers to reimburse their employees' business vehicle expenses. But many companies choose to – for good reasons.
In 2024 the IRS standard mileage rate for business may seem like the fair way to reimburse drivers. But there are many considerations to look at when determining a fair mileage rate for your business.
Calculating a fair vehicle reimbursement amount is not as simple as multiplying a mileage rate by miles driven. This is because paying an equal rate to employees is not equitable.
The IRS announced the 2024 business mileage rate, and it has increased for the fourth time in three years. Here's our guide to properly apply that rate to your business needs.
For employees who drive a vehicle as part of the job, a mileage reimbursement is a key way to offset expenses. But what does a mileage reimbursement include? How do you know if your mileage rate is...
Every business vehicle program needs a checkup from time to time. Whether you pay a car allowance or mileage rate or other form of reimbursement, it is vital to periodically assess the health of your...
Paying an equal car allowance or mileage rate has long been the norm. But today's economy requires a different approach. It starts with a standardized vehicle.
With so much of today's workforce gone mobile, a responsive business vehicle program is a must. The secret is to start with a standardized vehicle, not a standardized rate. This guide explains how.
Wondering what portion of your mileage reimbursement rate should cover fuel costs? There is a way to calculate it and help determine whether your reimbursement rate can handle the recent spikes in...
