How to Calculate Tax Fringe Benefits When You Have a Large Fleet of Cars

Do you run a significant sales operation where a large number of agents are constantly on the road? If so, you may supply cars for them to use as they call on prospects and existing customers and you need to account for the associated costs very carefully for tax purposes. Over the last few years, you may have been challenged when trying to calculate fringe benefits for those employees, especially as each individual driver seems to develop their own pattern of usage.