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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.
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Several fleet management experts offer their insights on several topics related to the future of fleet.
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No matter how knowledgeable a fleet manager is, misperceptions about how to treat customers, when to take risks, and the consequences of changing or not changing operational processes can hold the fleet and its manager back.
Read More →New accounting rules that will require companies to include virtually all leases on their balance sheets will not affect credit ratings or the approach Fitch Ratings uses in adjusting leverage metrics to take account of leases, the ratings agency has announced.
Read More →Companies who lease vehicles will now be required to include the leases on their balance sheets but won't have the leases counted as debt under new lease accounting rules released by the Financial Accounting Standards Board (FASB) on Feb. 25.
Read More →Fleet management is a complex job; it requires a little forward thinking, a little anticipation, and maybe a crystal ball to help you see the future.
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The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.
Read More →Newly proposed accounting rules will have a slight impact on the fleet leasing industry. Lessees and lessors should be aware of the potential changes.
Read More →GE Capital Fleet Services will host a webinar on Thursday, March 17 to examine how potential changes by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (ISB) could change balance sheet and income statement presentation for certain lease financing.
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The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?
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