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The Latest News on the Personal Use of Company Cars

Posted on Thu, Jan 29, 2015
The free use of a company car is one of the best perks an employee may be entitled to as part of a compensation package. But the benefit to the employee isn't completely "Free" under current tax law. Essentailly, personal use of a company car is treated as a taxable fringe benefit, subject to income tax withholding obligations by the employer. This process is often complicated by the complexity of the related tax rules.

Basics about Company-Provided Cars

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Tags: EHTC Article, Employer-provided, Auto Use, Vehicle, Articles