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...government rates.
* Business expense reimbursements in excess of substantiated amounts paid under an accountable plan.
Will you be prepared to compute these items correctly?
Personal use of company-provided autos
If an employer provides an employee with the use of a company-owned or leased vehicle, the value of the employee's personal use must be added to the employee's income as a taxable fringe benefit.
The value of personal use is exempt from taxation only if:
1. The employer-provided vehicle is used 100% for business reasons and a signed employer-employee policy of "no personal use" is in place, or...
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