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.
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Vehicle Reimbursement Programs
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...
Company Updates
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.
Vehicle Reimbursement Programs
Why businesses are paying a Tax-Free Car Allowance in 2022
The Tax-Free Car Allowance is a reimbursement program for employees who drive their personal vehicle for work. It is easy and tax-efficient!
For Drivers
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.
Industry News
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.
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.
Industry News
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.
For Drivers
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...
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...
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...
A quick guide to flat rate auto allowances from Cardata
If your company uses a flat-rate auto allowance system, this quick guide covers the pros, cons, and alternatives. Better (tax-free) options exist!
Are flat rate car allowances outdated? You could be overspending
Car allowances are costing your company and your drivers money. There exist better options, like FAVR programs, which are tax-free and data-driven.
Vehicle Reimbursement Programs
What businesses need to know about US car insurance
As a business owner in the US you need to know about car insurance. Employees who drive need to have proper coverage so your business is not at risk.
Vehicle Reimbursement Programs
Is my company exposed to employee accident liability?
Your company could be exposed to risk if your employees drive for work, even if they have personal insurance policies covering their vehicle.
Vehicle Reimbursement Programs
Which insurance coverage designation do I need to drive for work?
There are many designations for personal car insurance. If you use your personal vehicle for business purposes, you need to have a business use...
Vehicle Reimbursement Programs
How do gas prices affect employee vehicle reimbursements?
Gas prices have a large effect on vehicle reimbursements. Yet most vehicle reimbursement programs do not account for regional variations in fuel cost.
Vehicle Reimbursement Programs
What are Cents Per Mile (CPM) Employee Vehicle Reimbursements?
Cents per mile (CPM) are suggested rates at which to reimburse your employees for using their personal vehicle for work. The IRS and CRA set them...
Vehicle Reimbursement Programs
What are fixed and variable rate (FAVR) reimbursement programs?
Fixed and variable rate (FAVR) programs are systems for reimbursing employees who use their personal vehicle for work. When compliant they are...
Vehicle Reimbursement Programs
How to reimburse employees who use their personal vehicle for work
Everything you need to know about vehicle reimbursement programs like FAVR. Enterprises are turning away from fleets to save money & administrative...