Your Solution to Vehicle Reimbursement Programs
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 offers three different methods for mileage expense entry, including MileIQ, API Method, and manual mileage entry, to support various vehicle reimbursement programs. Discover how AutoReimbursement.com's solutions can enhance your vehicle reimbursement program.
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By AutoReimbursement.com
Learn which vehicle reimbursement program is the best fit for 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
Learn why accurate insurance data is needed for your company's vehicle reimbursement program
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