Driver Compliance and Fleet Tax Management
Calculating the taxable benefit of personal use can be a complex, time-consuming process — unless you take advantage of Wheels’ program. We help mitigate risks and alleviate the hassle of driver tax compliance.
Simplify the Process of Managing Fringe Benefit Fleet Taxes With Our Driver Tax Compliance Program
Wheels works directly with you to set up an automated program that ensures your company follows all applicable laws and procedures. Our system reduces fleet administration while enhancing driver productivity and satisfaction. It also limits corporate exposure, liability and the ongoing challenges associated with driver tax compliance.
We help you determine the specific criteria needed to administer personal-use fleet taxes, such as applicable reporting dates and pre-set driver deductions. Wheels advises you on best practices and ensures the appropriate decisions are made to meet your company’s federal obligations and reporting needs. We also help determine logging and reporting frequency, and personal use deduction amounts.
Through the Driver Tax Compliance program, Wheels sends each driver an annual personal-use tax notification. Notifications explain the program, reporting procedures and federal requirements.
Drivers can report their mileage via Wheels’ web-based driver tool, through a toll-free automated telephone number or on the Wheels Mobile Assistant app. Any method is accessible 24/7 during tax season, allowing drivers to confirm that entries are accurate, immediately.
The Wheels Driver Tax Compliance Advantage
Guided Program Management
We assist you in creating and implementing a consistent policy while maintaining accurate and complete data throughout the year.
Streamlined Data Collection
We provide clear and concise communication to your drivers, facilitating a simple and defined personal use collection process through various methods.
Precise Tax Calculations
U.S. IRS and Canadian CRA calculation methods frequently change. Wheels regularly tracks updates to determine the accurate amount every time.
24/7 Assistance
Our online tools and mobile apps are available around-the-clock during tax season to help you gather information or report usage at any time of day.