MANAGING 10-50 COMPANY VEHICLES
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IRS Raises Mileage Reimbursement Rate

The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate will go into effect on Jan. 1.

House Plan Would Eliminate EV Tax Credit

A $7,500 federal tax credit that has fueled sales of plug-in electric vehicles in recent years could be eliminated if House Republicans can include the proposal in the tax cut bill now under discussion, reports Reuters.

IRS Reduces Mileage Reimbursement Rate

The Internal Revenue Service has reduced the business mileage reimbursement rate for one half of a cent to 53.5 cents from 54 cents. The new rate went into effect on Jan. 1.

Auto Truck Group Offers Section 179 Advice

The Auto Truck Group is urging small businesses to take advantage of the federal Section 179 deduction on equipment that allows a deduction of as much as $500,000 on new and used equipment purchases.

10 Universal Mega Trends Impacting Global Fleets

There are dramatic differences between regional fleet markets around the globe. Yet, despite these differences, there are also many similarities. Many of the challenges facing fleet managers are identical to the challenges facing their counterparts elsewhere in the world. Oftentimes, fleet best practices in addressing these challenges emerge from outside your local market, which is good reason to be familiar with what’s occurring elsewhere in the world. Here are the top 10 universal mega trends.

UK Fleet Group Urges End of EV Tax Hike

Ambitious Government plans to make the UK the world leader in electric car adoption could be hampered by its decision to increase company car benefit-in-kind tax on those vehicles by 500 percent in 2015/16 with a further rise due in 2016/17, according to a UK fleet association.