Now is a good time to begin thinking about the end of the current driver tax season. For clients on our Driver Tax Compliance Program, your Wheels Account Team is wrapping up the components of your profile, such as setting parameters, dates, what to do with non-reporters, etc. As they are completing this process, below are a few best practices to keep in mind:
Pull your data from the Mileage and Logging Dashboard within FleetView™. As part of Fleet Administration service, your Account Executive will send this information to you.
Review your data to ensure that both driver and vehicles included are as expected.
Think about when payroll will need your customized taxable benefit report. If you have opted for Wheels to deduct any personal use contribution, please send the file by October 21.
The Wheels Driver Tax Compliance program is specifically designed to simplify the annual process of calculating, tracking and reporting personal use/taxable benefit valuation. Wheels works directly with you to set up an automated program that ensures your company is in compliance with all applicable laws and procedures.
For questions about our Driver Tax Compliance Program or how the Mobile Assistant can help your drivers next year, please contact a member of your Wheels Account Team.