GOOD TIMES,
BAD TIMES
In an industry that's always bracing for the next downturn, it's important to know there are options for
vehicle programs and reimbursements. This gives companies choices in how they manage a mobile
workforce. A FAVR reimbursement can go up and down, but the amount reimbursed will remain fair,
defensible and in compliance with the IRS – which is helpful during economic booms and busts.
Not being bound to a fleet also creates flexibility. Instead of relying on depreciating assets that need to
be stored, maintained and fueled up, companies can issue tax-free reimbursements to mobile workers
– payments that can change with the economy. This flexibility may prevent some hard choices between
downsizing a vehicle fleet or downsizing the workforce.
Companies considering FAVR should consult a business vehicle solution provider to develop a program
that meets their requirements and strategic objectives. Business vehicle partners can provide the
best local, industry and market data to help set the most calculated Fixed and Variable Rate (FAVR)
Reimbursement for each individual mobile employee.
Because FAVR is an IRS-approved program, and not a new idea, there are technology solutions available
that navigate the ins and outs of FAVR compliance and reimbursement – alleviating administrative
headaches and allowing oil and gas companies to focus more on productivity and safety in the field.
About Motus
For companies with mobile workers that drive more than 5,000 business miles per year, Motus is the
premier vehicle management and reimbursement platform. Through its sophisticated configuration
engine that incorporates real-time data across hundreds of variables, Motus drives significant reductions
in cost, ensures compliance, and reimburses employees exactly what they deserve. For more information
about the company, please visit www.motus.com or connect with us on Twitter, Facebook, or LinkedIn.
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