Car Allowances

Ever been offered a choice between getting a car allowance or getting a company car as a perk at your workplace? Well, although a company car might seem more attractive at first, there are actually more benefits associated with getting a car allowance.

And more people are realizing these benefits and opting for car allowances. It’s a good idea for you to also join them to stay ahead of the financial curve. Buying a car and taking the cash allowance instead could save you more.

Corporate Reimbursement Services, Inc. (CRS) is a management consulting firm that specializes in offering very flexible and customizable vehicle reimbursement programs for organizations with mobile employees.

Employees who get car allowances through these programs may apply their monthly reimbursement toward the vehicle of their liking. They just need to make sure that it complies with any guidelines or policies their employer may choose to establish.

What’s more, their program is designed in accordance with the IRS revenue procedure, allowing the reimbursements to be paid tax-free. So, this is a great benefit to the drivers since it actually increases their net take-home amount! Great, isn’t it? So, be a smarter employee and be open to accepting a car allowance.