When considering whether to provide vehicle stipends or mileage reimbursements, it's important to take into account all the costs. We're talking about things like:
- The impact on taxes
- Accidental over-reimbursement
- Cost of employee turnover
While some programs may seem cheaper at first, they can end up costing your company more in the long term.
Download this guide for a detailed breakdown of the true costs and differences between flat allowances, CPM programs and FAVR reimbursements.
Download this guide for a detailed breakdown of the true costs and differences between flat allowances, CPM programs and FAVR reimbursements.
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