How Do You Calculate Taxes on a Car Allowance?
Not everyone realizes that the IRS treats car allowances as taxable income. If your organization does not withhold taxes on employee car allowances, it's time to start.
Should All Co-Workers Receive the Same Vehicle Reimbursement?
It is common for businesses to pay the same car allowance or reimbursement to all employees who operate vehicles. But some organizations offer more individualized reimbursements. Which is the right approach?
Why You Need to See Your Employees' Auto Insurance Policy Declarations
Proof of employees' auto insurance will not be enough to protect your business in the event of an accident. It is vital to keep records of each employee's insurance policy declarations pages.
Three Things about Fuel Cards and Reimbursements You Need to Know
Thinking about adding a fuel card or fuel reimbursement to your car allowance? Here’s what you need to know.
Should Company Fuel Cards Be Taxed?
After tax withholding, many car allowances do not cover employees’ costs. So employers may decide to add a fuel card to help out. However, the IRS places strict rules on how to govern fuel cards and fuel reimbursements.
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