Vehicle programs used to be complicated and expensive. We set out to make them simple and affordable for our clients.
Our Tax-Free Car Allowance is an IRS-compliant reimbursement program with fewer compliance measures than our Fixed and Variable Rate plan. TFCA is easy, outsourced, and saves companies and drivers money.
If so, a Cardata TFCA program could save your company money and your employees time. We are obsessed with making driving programs more efficient because we see so many companies wasting time and money on their driving programs.
A GPS app, reporting cloud, and payment processor allowing you to reimburse for the exact miles driven. Never over- or under-reimburse mileage again.
We give you the support you deserve with a dedicated account manager to make sure your program works for your business.
Define and oversee your business driving policy to promote accountability and reduce workload for everybody.
Make your business tax-efficient by separating drivers’ reimbursements from their income (and stay on the IRS’s nice list!).
Reduce company liability with our insurance compliance program. We validate that your employees drive with the right coverage limits and endorsement.
Never worry about managing complex reimbursement programs again. Cardata’s leading industry experts guarantee it.
It is a reimbursement program that repays your drivers for the business use of their personal vehicle. It is outsourced, easy, saves drivers and companies time and money.
Firstly, you do not have to! We run hybrid programs for our clients, which combine elements of several programs.
Which program drivers are put on depends on how far they drive, how old their cars are, and how expensive. Generally, if the cars are very expensive, TFCA is better. If fully depreciated, TFCA again. If the cars are new and moderately priced, FAVR is generally better.
Call us and, after a few questions, we can tell you what balance of programs would be right for you!
The latter, a fixed and variable rate reimbursement.
When your employees drive for work, they incur fixed and variable expenses. An example of the former is depreciation; of the latter, gas.
Our Tax-Free Car Allowance reimbursements cover these expenses, meaning your employees do not pay out of pocket to drive.
As long as your drivers meet the criteria for the TFCA program, reimbursements are paid totally tax-free. Driving is a legitimate business expense; the IRS enshrines that in its guidance for programs like these.
Cardata uses software and keen program oversight to keep your program IRS-compliant and tax-efficient.
Cardata verifies every driver’s insurance policy to minimize your risk profile. The wrong insurance endorsement can leave you liable, but Cardata takes care of that. There are more than 100 insurers in the US, but we have the expertise to verify all their various policies.
The right Insurance coverage is a requirement for FAVR Flex programs. Cardata works with every driver to make sure they are covered.
