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Description
Implementing a Fixed and Variable Rate (FAVR) Plan can significantly lower risks, resolve policy challenges, and cut costs for businesses that have employees driving for work, all while providing those employees with the freedom to choose a vehicle that suits their preferences and lifestyle. This IRS-approved non-taxable FAVR Plan effectively covers both the fixed expenses, such as depreciation and location-based insurance, and the variable costs incurred per mile, including fuel, oil changes, and tire replacements. Consequently, businesses can reimburse their employees for the actual expenses associated with owning, operating, and maintaining a vehicle for business purposes. AutoReimbursement.com possesses the expertise and tools necessary to customize a FAVR plan that aligns with your company's financial objectives. With a diverse array of vehicle data at our disposal, businesses across various sectors—including consumer goods, construction, beverages, engineering, pharmaceuticals, and technology—can implement a FAVR Plan tailored to their specific requirements. This flexibility not only enhances employee satisfaction but also promotes efficient cost management for the company.
Description
Connect Mileage Trakker to your vehicle's data port to start recording your mileage for expense reimbursement and tax documentation. Once connected, all your trips will be automatically logged, requiring you only to classify them as business or personal. This process is incredibly straightforward. At the end of each month, we will provide you with a detailed report that lists all of your trips along with their respective tags. Integrating this report into your accounting system is a hassle-free experience. You can claim 57.5 cents per mile for business-related travel, 23 cents per mile for medical or moving activities, and 14 cents for miles driven for charitable purposes. With Mileage Trakker, your vehicle will effortlessly monitor and record the business miles you accumulate. The system is user-friendly, precise, and adheres to all IRS/CRA regulations. Simply provide the purpose of your business journeys, and we will supply you with IRS/CRA-compliant mileage reports for your accountant or any governmental requirements. Essentially, it’s like having your business travel expenses organized neatly in a single package. Enjoy the convenience of automatic tracking and reclaim your time for what really matters.
API Access
Has API
API Access
Has API
Integrations
MileIQ
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$75 per month
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
AutoReimbursement.com
Founded
2009
Country
United States
Website
autoreimbursement.com
Vendor Details
Company Name
Mileage Trakker
Founded
2016
Website
www.mileagetrakker.net
Product Features
Fleet Management
Dispatch Management
Employee Management
Fuel Management
GPS Tracking
Incident Reporting
Inspection Management
Inventory Management
Maintenance Management
Mileage Tracking
Motor Pool
Routing
Tire Management
VIN Lookup
Work Order Management
Mileage Tracking
Business / Personal Travel
Cost Analysis
Employee Reimbursement
Expense Reports
GPS Tracking
Manager Workflow
Mileage Logging
Reporting
Product Features
Mileage Tracking
Business / Personal Travel
Cost Analysis
Employee Reimbursement
Expense Reports
GPS Tracking
Manager Workflow
Mileage Logging
Reporting