The IRS Standard Mileage Rate and FAVR plan maximum vehicle costs, are published annually in IRS Rev Procedure 2010-51 Notice 2020-2. 2020 IRS STANDARD MILEAGE RATE Effective January 1 2020, the IRS Standard Mileage Rate for 2020 is down .50 cents to 57.50 cents per mile. The standard mileage rate for business is based […]
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About 14 million Fitbits were sold worldwide in 2018.* This handy tool automatically collects data that can help inspire a healthier lifestyle, from resting heart rate down to sleep patterns. It also shows how comfortable people have become with round-the-clock tracking and leveraging data to reach personal goals. You’re probably […]
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Remember the days when you shrugged and accepted that the time and money spent on the vehicle allowance program was just a “cost of doing business?” Wait a second, this is how you are still operating your vehicle reimbursement policy? CarData can help. While some old school business processes still […]
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For Amanda, it was the best of times – almost. For Richard, it was the worst of times, at least when it came to the vehicle reimbursement program both he and Amada were involved with through their company. You see, the company has sales offices in Milwaukee and Washington, D.C. […]
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Addressing Compliance Can Actually Improve Policies The long-standing company car allowance plus fuel card vehicle reimbursement policy at a large oil producer and distributor wasn’t meeting IRS requirements. The company has 400 employees who log 4.85 million miles annually. “Our old program wasn’t auditable,” explains the company’s HR Compliance Manager. […]
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