Personal use of a company vehicle generally results in taxable wages for employees. In January 2021, the IRS announced special COVID-19 relief retroactive for 2020, which is also available in 2021.
The CARES Act made a number of changes to the rules relating to employee fringe benefits; make sure you are up-to-date.
This year-end may not be the same as last year when it comes to 2020 payroll taxes and compensation and benefits matters.
We can help you.
Our team has invested extensive time and resources developing specialized expertise and experience.