When it comes time to ramp back up, consider your process. Are you growing in a way that prepares
your company for any possibility? Explore the possibility of a fixed and variable reimbursement (FAVR)
program. While car allowances are taxable and mileage reimbursement can create winners and losers,
FAVR reimbursements are geographically specific and by design adapt to any economic situation. When
you reimburse your mobile workforce for the business use of their personal vehicles, you find cost
savings that simply don't exist with other vehicle programs. Only FAVR programs can be scaled up and
down at will while automatically adjusting for volatile costs like fuel prices.
Aside from looking into vehicle programs beyond fleet, consider going 'smart'. A great start would be
implementing technology that helps your company stay on top of your mobile workforces' mileage and
productivity. There are multiple benefits to mileage capture. Fleet drivers can use it for more accurate
personal use tracking. People in reimbursement programs can automatically create IRS compliant
mileage logs. Reporting mileage is a breeze for everyone using technology to their advantage.
To learn more about the Fixed and Variable Rate Program, find it here.
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ABOUT MOTUS
Motus is the definitive leader in solutions for businesses with mobile-enabled workers and fleets of any size. The Motus technology
platform simplifies both mileage and mobile device reimbursement with proprietary software that calculates personalized and
compliant reimbursements for each employee, while improving employee productivity and reducing the overall costs of mobility.
The company's data, captured and analyzed across the world's largest retained pool of drivers, also underpins the annual Internal
Revenue Service (IRS) business mileage standard, the amount an individual can deduct for business vehicle expenses. For more
information please visit www.motus.com or connect with us on Twitter, Facebook, Instagram or LinkedIn.
