Employer policies regarding owned automobiles must be in place to protect the employer from IRS issues. The following document is a group of policies for employers to choose from when determining how they will handle both employer provided, and employer reimbursed, automobile usage.
The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable. Impact of Inflation on Taxes Official explains impact of chained CPI on social security and taxes. A government official explained how using chained consumer price index (CPI) for benefit programs and the tax Code would affect taxpayers, [...]