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If an employee gets in an accident, their auto insurance will be activated first, and the company policies can supplement it. CO— aims to bring you inspiration from leading respected experts.
A company car is a vehicle which companies or organizations lease or own and which employees use for their personal and business travel. [1] A take-home vehicle is a vehicle which can be taken home by company employees. Depending on the company, company cars may be available to all employees or just top-level personnel. [2]
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
Dec. 19—Policy brings city in line with IRS guidelines A new policy set to be introduced by the Austin City Council addressing the city's take home vehicle policy has caused concerns among ...
Transitioning a company from case-by-case management to one with structured policies can be challenging, but it’s also an opportunity to create lasting, positive change. Here’s how you can ...
Workhorse Group Incorporated, originally AMP Electric Vehicles, is an original equipment manufacturer and technology company headquartered in Sharonville, Ohio, U.S. [1] Workhorse makes commercial electric vehicles and telematics software designed for last-mile delivery.
In its 2005 annual report, GM said that for every active employee, the company supported 3.2 retirees and surviving spouses. Compared with 11.5 active employees for every retiree or surviving ...