Fixed & Variable Rate (FAVR) builds resilience to rising fuel costs
Mobile sales teams and their employers are spending more due to elevated energy prices. FAVR programs can help.
Mobile sales teams and their employers are spending more due to elevated energy prices. FAVR programs can help.
Cardata has been selected by Coca-Cola Consolidated to provide vehicle reimbursement services to their thousands of drivers.
Cardata uses regional data, based on drivers' zip codes, to reimburse accurately for gas prices. Our FAVR programs are agile and adapt to rising...
Brad Malmberg of Lightspeed Commerce has joined Cardata as Head of Strategy. Brad will guide Cardata's growth in the vehicle reimbursement space.
Payroll and income tax are both deducted from flat rate car allowances. As much as 30-40% of a car allowance can be lost to taxation.
Fixed and Variable Rate (FAVR) programs are IRS-compliant vehicle plans that allow employers to provide drivers with tax-free, regional...
A program standard vehicle is a car on which vehicle reimbursement programs are based. According to the IRS, they can cost up to $56,100.
Cloud software is necessary for administrators and managers of vehicle programs to run their reimbursements and maintain IRS compliance.
Cardata hires Amy Molyneux as Senior Director, Engineering Operations and Product Management. Her expertise will further accelerate our rapid growth.
In our first video from a new YouTube series, Cardata Co-CEO Mike Levine discusses when to reimburse at the IRS standard rate.
Vehicle reimbursement programs reduce company tax-burdens, but the IRS needs detailed records. Mileage apps provide that data easily.
Finance and operations leaders often ask us when to pay the IRS standard Cents per Mile rate to their company drivers. We tell them when it is...
G2 has ranked Cardata number 35 on their Top 50 Accounting and Finance Software Products for their 2022 Best Software Awards.
Car allowances are inherently wasteful, because they are assessed for both payroll and income tax, and better options exist to reimburse work driving.
The IRS 463 Accountable Allowance is a reimbursement program for employees who drive their personal vehicle for work. It is easy and tax-efficient!
From a vehicle reimbursement perspective, we examine whether the Ford Mustang Mach-E Premium is a reasonable car to drive for work in 2022.
For Canadian employers, the new year brings a new per kilometre reimbursement rate. In 2022, the new Canada Revenue Agency rate is set at ¢61.
Outsourced FAVR plans save companies money by finding efficiencies in vehicle programs. This is more urgent in 2022 than ever before.
Outsourcing vehicle programs can save companies money and time. This is valuable to Procurement as in-house programs can be difficult to manage and...
Outsourcing their company vehicle program saves HR professionals time, even on routine tasks like payroll.
The IRS has today announced an increase in the standard mileage rate for 2022. It has increased from ¢56 to ¢58.5.
Drivers benefit from mileage reimbursement programs. You get to drive the vehicle you want and build equity, and your company pays for 75% of your...
You can have a company fleet of electric vehicles in 2022. It could help companies lower costs and meet sustainability goals. There are also other...
Fleets are a good option in 2022 if your drivers have specialized cargo and drive more than 25,000 miles annually. Otherwise, there are better...