Car Reimbursement

The following is a sponsored review.

Mobile employees provided by a company vehicle by their company is an advantage to them, on the other hand, the company suffers a lot and engages the management to a bigger liability and cost. There is no distinction as to where and how the vehicle was used by the employee.

Because of this CRS or Corporate Reimbursement Services Inc., created an effective tool to lower risk and reduce the expenses incurred by the company. This is a management consulting firm that administers highly flexible and customizable vehicle reimbursement program for companies with mobile employees. With this program, the employer may choose to provide the driver with company vehicle or the employee drives his own vehicle and uses it purely for business related purposes only. While he is out there doing his job, CRS conducts analysis for each driver to determine the fair and accurate reimbursement rate by providing them personalized Driver Reimbursement Schedule reflecting the exact cost of his business miles.

In this manner not only the employer benefits from its cost saving and less liability exposure programs, the employee at the same time enjoys the benefit of receiving a tax-free car allowance which means that it will increase the drivers’ net take-home amount.