qbteachmt
Level 15
03-05-2020
02:11 PM
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Company Owned vehicles means the company owns the vehicle, so the company covers the costs of operation. It is a type of asset, so you handle that appropriately.
Any employee using the vehicle for personal is Taxed through payroll on the Value of that usage.
Keep a mileage log.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers