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 2024 was increased once again as vehicle costs...
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.
Your organization can craft a vehicle reimbursement plan that retains valued employees. The key is a data-driven approach that builds a culture of transparency and trust.
A standardized mileage rate, such as the IRS rate, and employee-reported mileage both can make it hard to control costs while supporting employees sufficiently – here are three best practices to fix...
