Your Solution to Vehicle Reimbursement Programs
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If you have employees that drive for business, and have a wish to move to a reimbursement model; a Fixed and Variable Rate (FAVR) Plan can help you reduce risk, policy issues, and cost while allowing your employees to drive a car they prefer to drive and fits their lifestyle.
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An IRS non-taxable FAVR Plan accounts for the fixed costs, such as depreciation and zip code sensitive insurance data, and the per mile (variable) costs, such as fuel, maintenance, and tires. This enables you to reimburse employees for the actual costs of owning, maintaining, and driving a...
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By AutoReimbursement.com
AutoReimbursement.com specializes in simplifying the calculation of Fixed and Variable Rate (FAVR) allowances for cost-center-oriented corporations. With extensive vehicle data and comprehensive reporting, trust us to optimize your expense reporting.
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By AutoReimbursement.com
Learn which vehicle reimbursement program best fits your company's culture. This article outlines the distinctions between a car allowance, the IRS standard mileage rate, and a fixed and variable rate (FAVR) plan.
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By AutoReimbursement.com
Is the current IRS mileage rate of 65.5 cents per mile too expensive? Learn more about an IRS-approved non-taxable vehicle reimbursement program tailored to the needs of your drivers and company cost initiatives.
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