Car Allowance – A Win – Win For All Concerned?
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Some companies operations are such that their employees spend a large chunk of their time on the field rather than in the office. Are you such an employer, who hires mobile employees? If you are then you are liable to pay vehicle reimbursement, or simply put Car Allowance. Always a tricky one that is, who and what decides how much reimbursement to give? How much mileage does one allocate towards normal commute versus abnormal company work, site visits? Corporate Reimbursement Services, Inc., is management consultancy firm that plugs this gap. Their main activity is to offer you, the employer with various vehicle reimbursement programs for your mobile employees.
The teams of tax specialists structure the programs in a very inclusive sort of way. Geographic cost differences, territory conditions and actual number of miles driven are all incorporated into the calculation. Flexible and customizable they aid the employer in coming up with a number that is fair, accurate and reasonable. Designed, keeping in mind the IRS revenue procedure, car allowance can be paid to employees entirely tax-free. This translates into lower cost for the company and more money in the hands of the drivers. Truly a win-win situation for all concerned. To know more about them, log into crsinc.com
Tags: Allowance, Reimbursement