One of the most well-received aspects of adopting a vehicle reimbursement plan is the practice of direct pay. The IRS and CRA compliant reimbursement is tax free and will be conveniently deposited into a driver’s checking or savings account. The benefits of switching to direct pay can be seen by […]
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In our tumultuous economy, cost savings and expense management strategies are on nearly everyone’s mind. Specific to businesses with traveling employees, it is especially important to consider how to manage any costs associated with employee expenses. This means taking a step back and looking into your corporate vehicles program. If […]
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When a company maintains a fleet of vehicles for daily use by their employees, that company assumes full liability for the vehicle. This means that there is no distinction made between business and personal use in the case of an accident claim. Moreover, this liability stands, even in cases where […]
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If you or your company are new to the world of business vehicle programs, you may have some questions about the different options available within the industry. For the purposes of this article we will look at reimbursement under the lens of any business vehicle program that is based on […]
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If your business is thinking about implementing a company car policy or if you’re reconsidering a current policy, you may be wondering about the pros and cons of opting for a vehicle reimbursement plan versus a fleet program. While offering a company car to mobile employees was once considered a […]
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