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

It may appear rudimentary when looking at the different ingredients that go into vehicle reimbursement for companies with drivers on the road. Depending on the reimbursement type (car allowance, cents per mile, or FAVR program), it is commonly mistaken that … Read More

As the market for both new and used cars continues to hit record highs, the demand continues to follow suit. Within the vehicle reimbursement industry, many analysts have been closely monitoring the effect of vehicle depreciation in the car market. … Read More

Car Allowance vs. IRS Standard Mileage Rate vs. FAVR Program Employee travel programs are often the second largest expense for any company. When evaluating different vehicle reimbursement programs, deciding which program aligns with your company’s culture may be challenging. Frequently, … Read More

There are many different ways companies can offer their vehicle reimbursement program. All vehicle reimbursements are calculated by the average fixed and variable costs to drive a vehicle in a year. In a Fixed and Variable Rate (FAVR) Program, we … Read More

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

Having drivers on the road brings an internal risk for all companies and drivers. There is always a chance a driver can be in an accident, the question is, what risk does my company have? It is essential to protect … Read More

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

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