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As a general rule when considering total cost of ownership (TCO), employees with high-mileage needs should be provided with a company vehicle; those with low-mileage needs should have their job function reviewed to determine if personally owned vehicles (POVs) would produce the lowest TCO through a business reimbursement program.
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The Association of Car Fleet Operators (ACFO) has called for clarification of long-term company car tax rates in the UK's 2014 Budget.
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Virginia's state legislators voted Thursday to repeal a $64 annual license tax on hybrid vehicles that was imposed a year ago.
Read More →The Brazilian government stated it will gradually roll back tax breaks on cars 2014, amid worries from producers that higher duties could hit sales in the South American country.
Read More →Florida’s House of Representatives passed HB 579, which promotes the use of natural gas fuels in Florida, with a 116 – 2 vote on May 2, 2013. The bill provides a mix of incentives and tax breaks for commercial fleet use of natural gas vehicles and fuel.
Read More →A new tax on emissions that is set to go into effect in the UK in April could change the types of vehicles company drivers will be allowed to drive.
Read More →Within the 2012 Taxpayer Relief Act, the maximum amount of Section 179 deductions has been changed and bonus depreciation extended.
Read More →From the technology revolution in the early years to fuel price volatility and the impact of recently introduced environmental legislation, Chevin Fleet Solutions discusses the obstacles fleet has had to overcome.
Read More →WASHINGTON - When an employer provides a cell phone for business purposes, and not part of any kind of compensation, business and personal use of the phone is generally non-taxable to the employee.
Read More →The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) was signed into law by President Obama on Dec. 17, 2010. The legislation includes an extension of the Small Business Jobs and Credit Act of 2010's "bonus depreciation" allowance through the end of 2011, and increases that amount from 50 percent to100 percent. Here's what it means to fleets.
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