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Partnering With Motus - Car Allowance

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PREVENTS the tax waste of a car allowance program. PROVIDES equitable reimbursements to all drivers, not overpaying some and underpaying others. ENSURES IRS compliant mileage logs through the automated Motus app. Learn more about Motus reimbursement programs Learn More TRANSITIONING FROM A CAR ALLOWANCE TO FAVR REIMBURSEMENTS: HOW YOUR COMPANY BENEFITS A car allowance may be simple, but it's simply more expensive for companies and their employees. A FAVR program: ABOUT MOTUS Motus is the definitive leader in solutions for businesses with mobile-enabled workforces. The Motus technology platform simplifies mileage, mobile device and remote work 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 unmatched living cost data, refined over more than 80 years and updated in real time, has made Motus the leading provider of mobile workforce management solutions for top Fortune 500 companies. Motus automotive 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. THE COSTS OF CAR ALLOWANCE Car Allowance Employer Pays $646 Total Tax Waste = $236 per employee per month Employee Takes Home $410 FICA $410 $600 $144 $46 $46 Employee Income Tax

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