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Hybrid reimbursement programs allow drivers to keep their used cars and still get reimbursed tax-free. That is ideal because new cars are expensive...
Tax-free car allowances offer a wide range of benefits that attract sales talent for your company, giving you an edge when hiring.
Cardata uses regional data, based on drivers' zip codes, to reimburse accurately for gas prices. Our FAVR programs are agile and adapt to rising...
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.
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.
Vehicle reimbursement programs reduce company tax-burdens, but the IRS needs detailed records. Mileage apps provide that data easily.
The Tax-Free Car Allowance is a reimbursement program for employees who drive their personal vehicle for work. It is easy and tax-efficient!
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.
Your company could be exposed to risk if your employees drive for work, even if they have personal insurance policies covering their vehicle.
There are many designations for personal car insurance. If you use your personal vehicle for business purposes, you need to have a business use...
Gas prices have a large effect on vehicle reimbursements. Yet most vehicle reimbursement programs do not account for regional variations in fuel cost.
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...
Fixed and variable rate (FAVR) programs are systems for reimbursing employees who use their personal vehicle for work. When compliant they are...
Everything you need to know about vehicle reimbursement programs like FAVR. Enterprises are turning away from fleets to save money & administrative...
Automatic mileage capture saves drivers and administrators a lot of time, and helps keep vehicle programs IRS-compliant and tax-efficient.
Everyone who drives for work should have appropriate insurance. Without it, employees and company are exposed to liability in the event of an...
A fleet of company cars is the most expensive of all business vehicle programs. There are more efficient options; your company may not need a fleet.
A company car program is the right thing to inspect for potential efficiencies. Switch to the right one & you could save 30% on your present program.
A set of frequently asked questions to get the conversation started. Cardata can explain how to better manage vehicle reimbursement expenses.
At first blush, FAVR (Fixed and Variable Rate) programs can appear to be simple. In this blog post, we show how vehicle reimbursement programs are...