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IRS Auditing More Fleets for Inadequate Personal Use Recordkeeping

July 25, 2006

If personal use of a company vehicle is allowed, then you are responsible to ensure company compliance with IRS regs and to avoid tax problems associated with unreported personal miles. The reason for this admonition is that more companies are being audited for inadequate recordkeeping of business use.

Author: Mike Antich | Posted @ Tuesday, July 25, 2006 9:29 AM | » Comments(0)

High Fuel Costs Add Pressure to Increase Personal Use Charges

July 18, 2006

The dramatic spike in the price of fuel has increased the cost of allowing personal use of company-provided vehicles. A growing number of companies now question whether they charge employees enough for personal use to offset the increased cost of fuel.

Author: Mike Antich | Posted @ Tuesday, July 18, 2006 9:58 AM | » Comments(0)

The Impact of Sarbanes-Oxley on Fleet Operations

July 11, 2006

Examined are the implications of the Sarbanes-Oxley Act on fleet incentive monies that are not capitalized into the cost of a vehicle, the sale of out-of-service vehicles to employees, and process controls for decentralized fleets.

Author: Mike Antich | Posted @ Tuesday, July 11, 2006 10:21 AM | » Comments(0)

Forecast of Commercial Fleet Buying Intentions for 2007-MY

July 5, 2006

The forecast is for commercial fleets to purchase a comparable number of vehicles in 2007 as they did in the preceding model-year. The high price of fuel is impacting selectors, as are concerns about rising fleet fixed costs.

Author: Mike Antich | Posted @ Wednesday, July 5, 2006 4:10 PM | » Comments(0)

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AUTHOR BIO

Mike Antich

Editor & Associate Publisher

Mike Antich has been covering the fleet management and vehicle remarketing markets for more than 20 years. During this period, Mike has written or edited more than 4,600 articles on the subjects of fleet management, manufacturer fleet activities, the fleet leasing industry, and vehicle remarketing.

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