The CRA Standard Rate Goes Up For 2018 – CarData Reviews Trends Over the Past Decade At yearend the Department of Finance Announces the coming years Automobile Deduction Limits and Expense Benefit Rates for Business. This is commonly referred to a the CRA Standard Kilometer Rate. CRA STANDARD KILOMETER RATE […]
Continue Reading
The IRS Standard Rate Goes Up For 2018-CarData Reviews Trends Over the Pasts Two Decades The IRS Standard Mileage Rate and FAVR plan maximum vehicle costs, are published annually in IRS Rev Procedure 2010-51 Notice 2018-03. IRS STANDARD MILEAGE RATE Effective January 1, the IRS Standard Mileage Rate for 2018 […]
Continue Reading
Vehicle Reimbursement Programs (VRPs) reimburse a company’s drivers for the expenses of driving their personal vehicles while on company business. The objectives of a VRP are: payments based upon verifiable, audit ready, accurate measures fairness to drivers ensure the company is not overpaying for vehicle related expenses reimburse drivers the […]
Continue Reading
The IRS has revenue procedures governing what is to be paid for vehicle reimbursement; the big benefit to IRS compliant vehicle reimbursement is the non-taxable payments. There are two structures that permit non-taxable payments, the FAVR and the IRS Standard Mileage Rate. CarData reviews how these structures operate and why […]
Continue Reading
CarData’s Mi-Route mobile app can help save 17% in gas expenses for company fleets and business miles Fuel prices were over $3 a gallon for almost four years – that was in 2011, 2012, 2013 and for most of 2014. And in some areas, the price was above $4 a […]
Continue Reading