Employers searching for top talent are realizing the importance of employee benefits. Most businesses know the importance of health insurance and wellness programs, 401k matches and paid time off. But…
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Businesses rely on employees who drive for work, whether they’re selling, transporting goods, performing services, etc. Many companies provide these mobile workers with company vehicles for business-use. More company-owned vehicles…
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Personal use of company vehicles is standard practice for most businesses with a fleet of vehicles for driving employees. In fact, it’s generally presented as a perk. Why purchase and…
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Company-provided vehicles require considerable management and capital. In recent posts we’ve covered the expenses of fleet vehicle maintenance, fleet accident management and when to replace fleet vehicles. We even did a post on…
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Of the four major vehicle programs, company-provided vehicle programs make up a significant number. According to our 2019 mobile workforce benchmark report, they were the second most popular. A company-provided…
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ASC 842 Compliance and Your Vehicle Program Lease accounting used to be a Wild West of off book expenses. The culprit? A loophole in the Generally Accepted Accounting Principles (GAAP)…
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Employers have two options for providing for their mobile workers: offering company-provided vehicles (fleets) or reimbursing employees for the business use of their personal vehicles. While both programs offer many…
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