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re: How much should a company truck affect your salary?
Posted on 9/26/23 at 2:07 pm to AwgustaDawg
Posted on 9/26/23 at 2:07 pm to AwgustaDawg
quote:
If the commute is all they are used for you would be correct.
Do they come to the office first? It's my understanding if they are used to commute from home to office or office to home, that's personal. Going straight to service calls, jobs sites, etc.. from home would not be personal. A personal errand that is on the way to a job-related destination is also not considered personal use (de minimis).
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Posted on 9/26/23 at 2:20 pm to NatalbanyTigerFan
I believe that is referred to as the ascension parish model…
Posted on 9/26/23 at 2:21 pm to NatalbanyTigerFan
This an easy decision. If you take the company truck you gain nothing of value as it is not yours. Take the extra $10 and view it as an asset. Buy a vehicle with it or invest it. At the end of the day you have something that is yours not theirs.
Posted on 9/26/23 at 2:23 pm to NatalbanyTigerFan
That depends. Will you have to report personal use miles? If so, you will be taxed on that.
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