In the vehicle reimbursement industry, there is constant talk about the importance of data when building reimbursement programs. At first glance, companies may elect for a taxable car allowance that pays a fixed amount to all drivers regardless of their … Read More
IRS Mileage Rate 2024 Alternative Solutions
Is the IRS-Standard Mileage Rate Too Expensive? Companies are looking for alternatives with the 2024 IRS standard mileage rate for business use increasing to 67 cents per mile. Furthermore, as vehicle operating costs fluctuate, choosing the right reimbursement solution will … Read More
IRS standard mileage rate vs. Fixed and Variable Rate Program
As the new year approaches, many companies are exploring various options for reimbursing drivers who frequently use their personal vehicles for business purposes. These options may include the IRS Standard Mileage Rate, car allowances, and other accountable (non-taxable) programs. Currently … Read More
AutoReimbursment.com Recognized by CFO Tech Outlook as a Leader in Business Expense Management
Employee travel programs are often the second largest expense for any company, next to employee compensation. Based on your employees’ physical location, costs can vary from city to city. Understanding the cost differences is challenging. Ensuring that employees are fairly … Read More
Onboarding a Tax-Free Car Allowance
Companies are constantly looking for ways to attract and retain talented employees in the ever-changing business landscape. While employee compensation often receives a lot of attention in conversations about employee retention, employees consider employer benefits to be equally important. With … Read More
Payment solutions for your AutoReimbursement.com program
Managing a fleet of drivers on the road can be a labor-intensive task, from managing liability to ensuring that drivers on reimbursement are paid accurately. However, AutoReimbursement.com’s (ARC) approach to managing your mobile employees streamlines the process, using automation built … Read More
Mileage Tracker Options at AutoReimbursement.com
At AutoReimbursment.com, we offer our clients the flexibility of three different mileage expense entry methods to support your vehicle reimbursement solution. Mileage entry is often at the heart of any vehicle reimbursement program. Regardless of your company’s reimbursement program, IRS … Read More
Why move from company-owned vehicles to reimbursement?
Traditional company-owned vehicles, or fleet programs, have been central to employee travel for decades. However, with the recent push to contain company expenses and find new efficiencies, AutoReimbursement.com has noticed a rise in demand in transitioning out of company-owned vehicles … Read More
The Power of Cost Center Reporting in Vehicle Reimbursement
Employee travel and vehicle reimbursement represent a significant expenditure for companies with employees on the road, often ranking as the second largest expense. That said, managing this area can introduce uncertainties in cashflows and expense control. To address this challenge … Read More
How to calculate a FAVR allowance?
As the Federal Reserve interest rate benchmark continues to reach 15-year highs and operating costs continue to increase, many companies have been looking for ways to retain employees while maintaining company costs. A fixed and variable rate (FAVR) program has been popular … Read More