When CarData growth demanded they move to a larger space, the move team conducted a survey. The results were more space, windows, parking and close to food. Wellness was not top of mind; however, the move team decided to incorporate it into the project anyway. Offering a larger, more open […]
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The benefit to an IRS compliant reimbursement is the non-taxable feature. The basis for reimbursement calculation is, “fixed and variable rate, based on geographic cost differences relative to vehicle standards”. The most common plans in use by commercial businesses are: FAVR PLAN ACCOUNTABLE PLAN STANDARD RATE FAVR PLAN • The […]
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Premiums are rising and have increased by 3.4%-7.4%. As a vehicle reimbursement solution company these rates affect CarData clients and drivers across the nation. Below we review the states with the highest premiums and discuss the reasons behind the rates. Florida – is a no-fault state, there is mandatory $10,000 […]
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When considering the issue of transportation for your organization, it’s most important to understand the various problems one might encounter with any plan; company cars, fleet management, vehicle reimbursement – each raises its own series of concerns for any savvy manager. By understanding those problems, the solutions offered by each […]
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Increasingly, businesses are recognizing the problems with traditional transportation solutions; fixed reimbursement systems, in-house and rental fleets, even most forms of flexible reimbursement are rife with inefficiencies and waste. Fortunately, where there’s a problem, there’s a solution: custom vehicle reimbursement programs utilizing fixed and variable rates in combination. These solutions […]
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