Personal information is harder than ever to protect, and much of it is stored in vehicles themselves. So, how can you protect your company and fleet users’ data?
The initiative that led to this notice from the IRS was spearheaded by members of NAFA, who sought to mitigate unintended tax consequences that the COVID-19 pandemic created for company drivers during the shelter-in-place mandates.
Test your understanding of different requirements relevant to personal, business, and commercial vehicle insurance.
Fleets are encouraged to review company driver motor vehicle reports more than once a year, as this will help further limit potential liability risks resulting from a crash.
Many homeowners’ associations (HOAs) place restrictions on the parking rights of commercial vehicles. Here’s how fleet companies can help affected workers.
A growing number of employees have been caught using their company vehicles as a tool to generate supplemental personal income for themselves.The fastest-growing trend in unauthorized usage of company vehicles is working as an Uber or Lyft driver. But using company vehicles to moonlight goes far beyond Uber and Lyft.
Telogis has introduced Logbook, a mobile app that lets drivers track and organize miles driven for personal or business use, the telematics provider announced at Mobile World Congress on Feb. 23.
The recent drop in fuel prices has been as breathtaking as earlier run-up in prices. If sustained, these reduced fuel prices will begin to make a dent in overall fleet fuel expenditures.
If an employee threw trash all over the office floor, scratched the paint off the walls, broke the light bulbs, left holes and dents in the walls, and skipped routine maintenance on the copier until it overheated and broke, no manager would tolerate this abuse. Yet, that is exactly what some fleet managers do tolerate when drivers abuse their company-provided vehicles.
Last August, the IRS announced areas it will prioritize for audits in 2014, one of which is fringe benefits, especially the personal use of company vehicles. Managing personal-use compliance is a headache. It is also expensive, with internal costs ranging from $35 to $75 per year per vehicle. Here's what you need to do to be prepared should your friendly IRS agent come knocking on your front door.
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