Webinar: Thursday, July 31st, 2 PM Central. Register here.
Many companies utilize employee-provided vehicles to some degree or another in order to meet their needs for the transport of people, goods, or services. Employees who operate their vehicles for business use are compensated under either taxable or non-taxable reimbursement plans, but employers and employees often overlook differences in tax consequences between the two types of reimbursement methods.
Well-run organizations integrate both employer-provided and employee-provided vehicles into their fleet program as part of their vehicle allocation methodology (VAM). The fleet manager (or other designee) should have authority over both programs in order to properly control costs and to successfully provide fair, safe, and equitable transportation for all employees.
READ MORE
The Article AFLA Webinar: Management of Employee-Provided Vehicles: Understanding the Differences Between Reimbursement Methods appeared first on Automotive Digest.