There are four well-known options that companies can choose from for their business vehicle program: company-owned vehicles, flat or car allowance, fixed and variable rate and cents-per-mile (CPM) reimbursement. While…
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If you had to make a list of things essential to your business, how long would it be? What would be on it? More likely than not, business travel makes…
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Reimbursing employees accurately for the business mileage they put on their personal vehicles is no joke. The consequences of not doing so range from increased T&E expenses to legal action….
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Vehicle Ownership and Operating Cost Analyses Reveals Inflation Underpinning New Mileage Rate, Provides Guidance on Vehicle Reimbursement Best Practices BOSTON, Mass., December 29, 2022 – The Internal Revenue Service (IRS)…
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The answer to the question “What is the national average for mileage reimbursement?” is pretty straight forward. But vehicle programs can be unnecessarily complicated. Technically speaking, mileage reimbursement is different…
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Vehicle programs are a necessary piece of many businesses. From beverage distributors to business services, construction to pharmaceuticals, driving employees play an essential role. It’s also fairly common for companies…
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Flat car allowance models, in which single, company-wide rates are used to reimburse all employees for any business travel, have historically been a popular method of mileage reimbursement. Unfortunately, though, this model just isn’t flexible enough to reimburse all employees fairly. For example, giving each employee $300 a month to cover all business travel expenses might initially seem like the easiest approach; but by not calculating individualized, location-specific reimbursements, companies usually end up either underpaying or overpaying workers.
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When it comes to driving programs, employer mileage reimbursement is expected. In fact, in many states, employers are legally obligated to reimburse mileage. But there’s a difference between providing mileage…
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If you’ve purchased a ticket for an event over the past five years, you know once it’s in your cart its price will jump by at least 30%. There are…
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