Unequal expenses should not receive equal reimbursements. Standard allowances and mileage rates over-reimburse some employees and under-reimburse others. FAVR solves this problem and is tax-free for both company and employee (IRS Revenue Procedure 2010-51).
Data is our strength. We help you create a baseline for all vehicle categories to generate a customized reimbursement for each employee, based on vehicle values, fuel costs, insurance costs, and more.
We partner with you to write a clear and customized auto reimbursement policy and mileage reimbursement rate, using our data models. This demonstrates fairness and ensures continuity in how you manage reimbursing your business and drivers.
To ensure smooth, effective change management, we help you communicate the benefits of your new auto reimbursement policy. Once the policy is installed, we provide continued support for your mobile employees and administrative team to ensure you receive the full range of benefits.