
Budgeting for fleet vehicles is more pronounced than ever. Here is how to navigate IRS mileage reimbursement for fleet management.
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Reimbursement doesn’t work from an HR or safety & liability perspective, is counter-productive to corporate ‘green’ initiatives, can negatively impact the company image, and FAVR reimbursement programs may not be SOX-compliant.
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Driver reimbursement continues to be the wrong choice for commercial fleets for a number of reasons, ranging from HR issues and corporate safety concerns, liability exposure and tax consequences to employees.
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Taking actual expenses could get you and your employees tax-free money.
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With a proper financial analysis and only minor changes to its current plan, this small fleet can save big bucks.
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If you're like a lot of company vehicle managers, unless you currently reimburse, you've asked yourself at some point whether it night be a good idea to reimburse employees for the use of their personal vehicles, rather than providing company vehicles.
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