A lot is changing in the world of Tax Compliance. Back in January the United States and Canada taxing authorities published new guidance regarding taxable benefits. This was due to the COVID-19 pandemic drastically reducing the number of business and personal miles driven. These changes included an option to move to a Cents Per Mile (CPM) taxable benefit calculation instead of Annual Lease Value (ALV) for the 2020 tax year.
But now, we are excited to announce that Wheels is offering CPM as an alternative to ALV – for the 2021 tax year and beyond!
Interested in learning more? Now is the opportune time to educate yourself and get ready for the upcoming tax year.
Thursday, July 1 | 12pm Central Time
CPM or ALV? Join us as Wheels tax specialists offer guidance and answer questions on what option might be best for your fleet.
Faraz Khan - Director, Tax Compliance
Shannon Keck - Product Manager