Posts Tagged ‘taxes’
The Costs of Owning a Vehicle, State by State
Monday, May 10th, 2010
Business Fleet and Edmunds take an informative look at the costs of owning vehicles in different states and the significant differences between them:
A study by Edmunds.com shows that owning a vehicle in Alaska, California or Hawaii over a five-year period is about $10,000 more expensive than owning the same vehicle in New Hampshire, South Dakota or South Carolina for the same duration.
The average cost of a vehicle over 5 years in New Hampshire was $39,136 while the same vehicle cost $47,990 to own in Connecticut for the same period.
This study employs data from Edmunds.com’s True Cost to Own tool that projects model-specific, regional average vehicle five-year ownership costs, consisting of depreciation, financing, taxes, fees, insurance premiums, fuel costs, maintenance and repairs for new and used vehicles. The tool is available at no charge to Website visitors, and provides ownership cost information for both new and used vehicles.
Keep this in mind the next time you look at new fleet vehicles and budget accordingly!
Photo courtesy of AMagill under the Creative Commons License
Tags: Alaska, California, cost to own, depriciation, financing, taxes, vehicle
Posted in Industry News | No Comments »
Tax Time doesn’t have to be so taxing for your business
Monday, April 20th, 2009
April 17th – Just two days after tax day. The perfect time to begin preparations anew for next year’s IRS deadline, and do it in a way that makes your life easier.
Start with a self-audit. Where did business fall short last year (besides the bottom line)? How can you create efficiencies? What can you do to get a jump on all that paperwork?
For several reasons, you might want to consider a fleet card that offers online controls and a reporting system. Not only will such a system aid in day-to-day organization, save time and money, it will prevent a last-minute scramble through damaged, dated and downright legitimate receipts. Some other benefits include:
- Document ALL purchases electronically for error-free record keeping
- Eliminate unwanted purchases and surprise expenses altogether, like hard-to-explain beef jerky, coffee and smokes
- Track purchases in real-time whenever you like
- Set the controls. You decide who gets a card, how much they can purchase with it, and where they can use it.
- Many happy returns. The right fleet card can save you thousands of dollars a year of fuel and maintenance costs, which is great for building your business.
If you don’t already have a fleet card, are looking for a more comprehensive fleet management program, or just want to get an idea of what’s out there, start at FleetMatch™. It was created to for the sole purpose of custom-matching fleet cards with fleet-driven businesses like yours.
Photo copyright of jacobms under the Creative Common license
Tags: fleet card, Fleetmatch, taxes
Posted in Fleet Resources, Small Business Help Tips | No Comments »
