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.
Cardata Blog
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Coke Consolidated selects Cardata to Provide Vehicle Reimbursements
Cardata has been selected by Coca-Cola Consolidated to provide vehicle reimbursement services to their thousands of drivers.
How Cardata reimburses for fuel expenses using data
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 joins Cardata as Head of Strategy
Brad Malmberg of Lightspeed Commerce has joined Cardata as Head of Strategy. Brad will guide Cardata's growth in the vehicle reimbursement space.
Flat rate car allowances
How payroll and income tax affect business driving in 2022
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")
Why companies are choosing FAVR reimbursement programs in 2022
Fixed and Variable Rate (FAVR) programs are IRS-compliant vehicle plans that allow employers to provide drivers with tax-free, regional...
Vehicle reimbursement programs
What is a program standard vehicle?
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.
Vehicle reimbursement programs
Why do companies need cloud software for vehicle reimbursements?
Cloud software is necessary for administrators and managers of vehicle programs to run their reimbursements and maintain IRS compliance.
Amy Molyneux hired as Sr. Director Eng Operations & Product at Cardata
Cardata hires Amy Molyneux as Senior Director, Engineering Operations and Product Management. Her expertise will further accelerate our rapid growth.
Cents per Mile ("CPM")
IRS standard rate reimbursements | Mike's Mile-a-Minute
In our first video from a new YouTube series, Cardata Co-CEO Mike Levine discusses when to reimburse at the IRS standard rate.
Why Reimbursement Programs need Mileage Apps in 2022
Vehicle reimbursement programs reduce company tax-burdens, but the IRS needs detailed records. Mileage apps provide that data easily.
When should I pay Cents per Mile in 2022? Finance and Ops perspectives
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...
Cardata in top 50 Accounting & Finance Software: G2
G2 has ranked Cardata number 35 on their Top 50 Accounting and Finance Software Products for their 2022 Best Software Awards.
Why a car allowance is never a good option for business driving
Car allowances are inherently wasteful, because they are assessed for both payroll and income tax, and better options exist to reimburse work driving.
463 Accountable Allowance
Why businesses are paying an IRS 463 accountable allowance in 2022
The IRS 463 Accountable Allowance is a reimbursement program for employees who drive their personal vehicle for work. It is easy and tax-efficient!
Should you drive a Ford Mach-E for work in 2022?
From a vehicle reimbursement perspective, we examine whether the Ford Mustang Mach-E Premium is a reasonable car to drive for work in 2022.
Cents per Mile ("CPM")
CRA sets new per kilometre rate for 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.
Fixed and Variable Rate ("FAVR")
Why CFOs are choosing FAVR in 2022
Outsourced FAVR plans save companies money by finding efficiencies in vehicle programs. This is more urgent in 2022 than ever before.
Why procurement specialists want outsourced vehicle programs in 2022
Outsourcing vehicle programs can save companies money and time. This is valuable to Procurement as in-house programs can be difficult to manage and...
How HR managers benefit from outsourced vehicle programs in 2022
Outsourcing their company vehicle program saves HR professionals time, even on routine tasks like payroll.
Cents per Mile ("CPM")
The IRS standard mileage rate for 2022
The IRS has today announced an increase in the standard mileage rate for 2022. It has increased from ¢56 to ¢58.5.
The 3 ways drivers benefit from mileage reimbursements in 2022
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...
Fleet and company cars
Can my company have a fleet of electric vehicles in 2022?
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...
Fleet and company cars
Are fleets of company vehicles a good option in 2022?
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...