Vehicle Reimbursement Program Comparison Guide

Matt SchweinertVehicle Reimbursement

two people at a desk looking at paperwork with laptops open for car reimbursement program blog post

For many companies, every year brings new initiatives, goals, and provides time to re-align themselves to their desired company culture. Furthermore, as the Federal Reserve raises interest rates to the 15-year high, and operating costs continues to increase, it may be an … Read More

IRS Announces 2023 Mileage Rates

Jim DohertyNews

2023 mileage reimbursement rates - dollar on a table image

The Internal Revenue Service has announced new mileage rates for 2023 for use in calculating reimbursements or deductions for tax purposes: Business use: 65.5 cents a mile, up from 62.5 cents a mile from the 2022 mid-year increase. Medical use: … Read More

Why Move to a FAVR Program?

Ben RaseyVehicle Reimbursement

should I stay or should I go street signs for vehicle allowance blog post

There are many options for vehicle reimbursement programs within the corporate travel industry. As demand for drivers on the road continues to increase, fleet managers and plan administrators are constantly evaluating programs that align with their company’s values and culture. … Read More

Driver’s Want Choice!

Ben RaseyVehicle Reimbursement

FAVR vehicle reimbursement program with ARC

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