Think the IRS mileage rate is fair? Maybe Not. When you compare what an enterprise pays using the IRS “cents-per-mile” standard mileage rate versus a FAVR (Fixed and Variable Rate) vehicle reimbursement program – every mile counts. How much? It added up to over $800,000 for one global chemical company. […]
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The CEO of an industrial parts distribution company, with branches located around the U.S., carefully evaluated the options when it was time for them to drop their company mileage reimbursement policy. His research included benchmarking CarData against competitors as well as large fleet leasing companies. Fast-forward eight years, and you’ll […]
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Vehicle Choice & Equity Leveraged as Recruiting & Retention Incentives For the sales engineers of a national chemical company, onsite customer visits look different from what you might think of as a traditional sales call. “We have ‘blue collar’ sales engineers,” says the Chief Sales Officer. “Many of our people […]
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Every time the fiscal year or tax year ends, executive attention turns to expenses. Many organizations recognize that their fleet vehicle or company car program is one area where there’s opportunity for reducing operational costs or taxes, maybe both. New companies or companies considering adding a vehicle reimbursement program (VRP) […]
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The IRS Standard Mileage Rate and FAVR plan maximum vehicle costs, are published annually in IRS Rev Procedure 2010-51 Notice 2018-03. 2019 IRS STANDARD MILEAGE RATE Effective January 1 2019, the IRS Standard Mileage Rate for 2019 is up 3.5 cents to 58 cents per mile. The standard mileage rate […]
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