Accurate and timely reporting of the personal use of a company car has just become a reality with MileageTraks*. It’s estimated that 20% +/- of all mileage is for personal use. By law, personal mileage generates taxable fringe benefits requiring payroll deduction, and a sufficient mileage log. Accurate reporting of personal miles also presents an opportunity improve your company car policy and to reduce fleet management expense.
MileageTraks patent pending technology also ensures off duty, employee privacy. When a mobile employee is in the field and on the clock, they should be accountable for their time and have an efficient travel route. When they are off duty, they are entitled to their privacy. With its patent pending technology, MileageTraks enables both goals.
The MileageTraks GPS unit uses a mileage calculator that records all company car miles and enables the real time electronic separation of personal miles and business miles. The reporting of personal miles, such as commuting miles to and from the home and weekend activities increases. As the true cost of personal use increases and shifts to the employee, fleet expenses are reduced. IRS mileage logs are automatically generated that protect both employees and employers. Would your employees or corporate travel logs survive an IRS audit today?
With its real time stream of data, MileageTraks also enables a business manager to be certain that all mobile workers are productive and taking efficient travel routes. Additional efficiencies are realized as a rich data base of employee activities is automatically created providing the basis a daily trip report and log file. A variety of speed reports will help business managers manage risk.
Enjoy an easy payback by increasing personal use by just 2 miles a day. Imagine how productive your workforce would be if you could ride with each of your employees all day long. No need to imagine any more, it’s time to get On-Board!