Drivers often interpret their vehicle reimbursement program in two ways. They view their reimbursement program as an expense reimbursement or an employee benefit. As the job market becomes more competitive and demand for employees increases, it is crucial that drivers … Read More
Driver’s Want Choice!
Fixed and Variable Rate (FAVR) Program Brings Driver Choice The way of conducting business in the past 20 years has changed significantly due to Millennials and Generation Z entering the marketplace. One thing is for certain; everyone wants a choice … Read More
IRS Announces Increased Mileage Rates for Remainder of 2022
The Internal Revenue Service has announced increased mileage rates for the remainder of 2022 for use in calculating reimbursements: Rate in Cents Per Mile1/1 – 6/30/2022 Rate in Cents Per Mile7/1 – 12/31/2022 Business Use 58.5 62.5 Medical Use 18 … Read More
FAVR Plans Reduce Pain at the Pump
As we head into the busy summer driving season, one of the most talked-about topics in the vehicle reimbursement industry is the price drivers pay at the fuel pump. Fuel prices are rising more rapidly than we would typically see … Read More