Is your company in need of a third party Vehicle reimbursement company? Mine does. You know, for quite some time now, the company I am currently employed part time is always complaining about the excessive reimbursements of its executives. I am doing consultancy work for them. And I was asked to reconcile of the allowances of its Chief Executive Officer. It was messy, to say the least. One executive has several allowances. Some of it are taxable, some are not. The most messy of all the allowances is the vehicle reimbursement. So instead of laboring over it again and again, the company is now thinking of getting the services of a third party company to help them with this allowance. Seven executives of the company are entitled to the allowance so you can just imagine the amount of work being poured over by three staff over these allowances every month.

Personally, a third party company to handle the vehicle reimbursement is a good idea. It will be impartial and given a clear cut criteria over what constitutes a legal vehicle expense, the third party company will be a better ‘guardian’ of the expense allowance. I am all for it! And as their consultant, I am pushing for the immediate implementation of this policy.