Corporate Reimbursement Services, Inc. (CRS) is a management consulting firm that administers highly flexible and customizable vehicle reimbursement programs for companies with mobile employees.
The CRS Program calculates a fair, accurate and defensible reimbursement rate for each individual driver that reflects geographic cost variances, territory conditions and the actual number of business miles driven.
Individual drivers have significantly different costs for owning and operating their personal vehicle for business use depending on where they live and how many business miles they drive.
For example:
- Insurance premiums vary dramatically town by town, and even more so state by state. (more info)
- Some states levy significant property tax or excise tax on vehicles. Yet other states do not levy any of these taxes. (more info)
- Gas prices often differ tremendously state by state (due to state taxes) and are constantly fluctuating. (more info)
The CRS Program accounts for dozens of these geographic cost variances. This information becomes the basis for calculating an individual reimbursement rate for each driver that fairly and accurately reimburses the actual costs associated with the business use of their personal vehicle.
CRS has a uniquely qualified team of tax specialists who have structured the CRS Program in accordance with the IRS revenue procedure enabling the reimbursements to be paid to your drivers entirely tax-free. This means lower costs for your company and more money in the pockets of your drivers.
