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- Tax Waste Is Expensive
Tax waste adds up quickly. Find out how much you’re losing to taxes using this calculator.
Why are you being taxed? Monthly car allowances (a flat amount given to employees every month) are subject to FICA and income taxes. That means your business is over-spending and your employees are taking home less than they could with another program.
$0 every work week
That’s 0 gallons of gas that could’ve fueled an employee’s family vacation.
$0 every work hour
That’s 0 cups of coffee that could’ve boosted someone’s afternoon productivity.
$0 every work minute
That’s change that could’ve been used to vacuum an employee’s car interior.
What can you do? You can avoid taxes altogether.