NAFA Conversations features members sharing tips on how they are handing current fleet issues.
Scott Lauer: Benefits of Using the W2 to Lessen the Burden of Fleet Driver's Personal Use Tax
Listen to the conversation between David Hayward and Scott Lauer from Teva Pharmaceuticals discussing how each year organizations work with their drivers to determine the personal use mileage on a company vehicle for taxes. This year due to COVID, a vehicle may have a higher personal. This could result in thousands of dollars in taxes for the drivers of your fleet vehicles, which could be a large unexpected burden for them. Watch this short 5-minute video to understand the benefits of the W-2 method and how this helps in delaying the tax payments for the drivers.
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