Are your fleet drivers using company vehicles for personal use? Setting policies regarding family use, age limits, driving infractions, and other behaviors helps reduce risks and limit liability.
Tax Change Prompts Companies to Consider Company-Provided Vehicles vs. Reimbursement
The recent U.S tax law changes created a problem for employers who use a non-accountable vehicle reimbursement plan. Negative feedback has some companies reconsidering the viability of offering company-provided vehicles to help key employees mitigate the adverse impact of eliminated tax deduction.