Cardata

Upcoming live event! Navigating Reimbursement Options for Your Fleet: Acing the Inclusion of Personal Vehicles. Is your current fleet program costing more than it's really worth? Is it failing to effectively adapt to your needs as you grow? Are you looking for a more flexible, cost-efficient, and streamlined vehicle benefit for your mobile employees? If you answered yes to any of these questions, it might be time to explore a reimbursement option. Join Cardata’s Lee Adam and Griffen D. on September 24th at 12 PM ET as they discuss how to recognize the need for operational change and implement a tax-free reimbursement model that reduces fleet costs, manages liability, and increases flexibility. Why should you attend? • Learn why reimbursement is gaining popularity and discover the most common tax-free models of 2024 • Collect actionable insights and thresholds for starting a compliant reimbursement program  • Uncover transition management best practices, including hybrid approaches to company fleets and reimbursement • Discover how to leverage software and partnerships for a successful implementation and  keep your field teams happy! Plus, you’ll get access to Cardata’s rate building tools to see how reimbursement programs can be designed for your team’s unique needs (and how they compare to traditional company vehicle costs)! Webinar link will be sent to participants prior to the event date.

The new #StarbucksCEO will unfortunately have to pay taxes on his 1,000-mile commute by private jet. 🛩 According to the IRS, commuting is not a deductible expense. The IRS has yet to publish their per-mile rates for private jets... However, at a private jet operating cost of $1,100 an hour, Mr. Niccol will likely be receiving a taxable benefit of $3,300 for his morning commute. What are your thoughts? #Starbucks Image credit: BBC

Chef Jonathan serving up some 🍿 at Alliance for Chemical Distribution (ACD)’s #ChemEdge2024. Drop by booth number 117 and say hi to the team! Lee Adam

Excited to be on the floor at ChemEdge in Indianapolis! #ChemEdge #ACD Cardata

Join us TOMORROW at 12 ET for our live event, 𝙁𝙧𝙤𝙢 𝙃𝙍 𝙋𝙧𝙤𝙛𝙚𝙨𝙨𝙞𝙤𝙣𝙖𝙡 𝙩𝙤 𝙒𝙤𝙧𝙠𝙥𝙡𝙖𝙘𝙚 𝘾𝙝𝙖𝙣𝙜𝙚𝙢𝙖𝙠𝙚𝙧: 𝙒𝙝𝙮 𝙏𝙧𝙖𝙣𝙨𝙛𝙤𝙧𝙢𝙞𝙣𝙜 𝙔𝙤𝙪𝙧 𝘾𝙖𝙧 𝘼𝙡𝙡𝙤𝙬𝙖𝙣𝙘𝙚 𝙞𝙨 𝙩𝙝𝙚 𝙎𝙢𝙖𝙧𝙩 𝙈𝙤𝙫𝙚 𝙛𝙤𝙧 𝙔𝙤𝙪 𝙖𝙣𝙙 𝙔𝙤𝙪𝙧 𝙁𝙞𝙚𝙡𝙙 𝙏𝙚𝙖𝙢𝙨. As an #HR leader, employees look to you to advocate for their needs, while the company looks to you to optimize operations. We're going to tell you one way to achieve this double goal, by transforming your car allowance program. You can make simple changes to your field team’s reimbursements to increase program fairness and recoup 30% for your employees’ pockets. Join Cardata’s Lee Adam and Lindsay Clayborne, CHRP on Tuesday, August 20th at 12PM ET as they discuss how HR professionals can feel empowered to be changemakers at their workplaces, and make simple adjustments to field benefits to increase employee satisfaction and accelerate their career growth. Lead the workplace change—you’re the one for the job! You'll leave the event with a solid understanding of: • Why you’re the right person for the job • How to identify an opportunity for mobility benefits improvement • How to advocate for change internally • How to lead the adoption of a new car allowance program • How to easily expand your role to include your new benefits program Sign up for the live event on LinkedIn! https://lnkd.in/gVRicF5s

A Tax-Free Car Allowance (TFCA) is a great solution to the problems posed by flat-rate, in-house car allowances. While in-house allowances are usually taxed, TFCA is considered tax-free by the IRS. You can issue your TFCA using a variety of different rate styles, including: - a flat monthly payment (e.g. $600 per month) - a number of cents per mile (e.g. $0.50 per mile) - a market data fixed and variable rate plan (e.g. $300/month + $0.25 per mile) However you set up your TFCA, there is one simple tax test: comparing the allowance to the IRS standard rate to determine taxability. Everything up to and including the IRS standard rate is tax-free. (Just don't forget to track miles so you can perform the tax test!) TFCA is an awesome way to immediately save 30% or more on car allowance payments.

Thank you to Slice of Finance for featuring Cardata's recent leadership transition. We're thrilled to welcome Haywood Marsh as our new CEO! 🎉 According to Slice of Finance: "Haywood Marsh's appointment as CEO is a strategic move by Cardata to leverage his extensive experience in the SaaS industry. His track record of successfully scaling global operations and improving both customer and employee experiences positions Cardata to capitalize on its recent $100M investment and continue its growth trajectory. Marsh’s leadership is expected to accelerate innovation and expand Cardata's market presence, further solidifying its position as a leader in tax-compliant mileage reimbursement software." #Leadership #SaaS #FAVR #FleetSuccess Link to the full article in the top comment.

Paul breaks down the three kinds of IRS-compliant vehicle reimbursement programs, and why you should switch to one of them if you're currently issuing a taxable allowance to employee drivers.

𝗛𝗼𝘄 𝗰𝗮𝗻 𝘆𝗼𝘂 𝗯𝗲 𝗮 𝗰𝗵𝗮𝗻𝗴𝗲 𝗹𝗲𝗮𝗱𝗲𝗿 𝗶𝗻 𝘆𝗼𝘂𝗿 𝘄𝗼𝗿𝗸𝗽𝗹𝗮𝗰𝗲? We spoke to Jennifer McClure about it, and she had some incredible insights from her deep experience in #HR leadership. Making big changes within your organization can be scary, but it's necessary. With the evolving market and the accelerating pace of technological innovation, change is inevitable, so it becomes about how we react to it and learn to embrace it. But change doesn't have to be scary, because change management and change leadership are skills that you can learn. Plus, being a change leader can set you apart in your workplace. So check out the link to the full video episode in the top comment, and learn a thing or two from Jennifer McClure!

We are thrilled to announce that Haywood Marsh will join us CEO! Haywood brings a wealth of experience across go-to-market, product and operations functions, and has a track record of success across multiple companies. Most recently, Haywood was General Manager of Lockpath and Executive Team Member at NAVEX Global. There, he led all functions of a SaaS software team across the US, the EU and India, and turned Lockpath into NAVEX's fastest growing significant business unit. "I am very excited to join Cardata," said Haywood. "While I was considering signing on, I was impressed by how much potential there was in the market, and the excellent technology that was already in place. Mostly though, I saw a team of great people that are passionate about solving customer problems. Cardata has an amazing opportunity to grow, innovate and create even more impact for its customers, and I can't wait to be a part of it." Read the full press release: https://lnkd.in/gVud7xjB