ThomsonReuters

FEBRUARY 2, 2023

QUESTION: Our company has a qualified transportation fringe benefit plan under Code § 132(f) that allows participants to pay for parking, transit passes, and vanpooling on a tax-free basis. Qualified transportation fringe benefit plans may only offer qualified parking, transit pass, or vanpooling. ANSWER: No.

Transportation 97

Transportation tax Account accountant 97

Anders CPA

DECEMBER 13, 2023

In a capital-intensive industry like transportation and logistics, expenses are high and profit margins are tight: A healthy benchmark for businesses is to reach a net profit percentage in the 3-10% range (with anything above 7% considered exceptional). Hitting those numbers is a step in the right direction. But it’s not enough.

Transportation 52

Transportation Entertainment tax cpa 52

PYMNTS

OCTOBER 8, 2020

Manheim Logistics has formed an exclusive collaboration with DHL Supply Chain in order to develop what a press release calls a "more holistic" transportation management system. DHL will use the company's Global Control Tower in Detroit, alongside various U.S.-based

Transportation 73

Transportation Technology B2B 73

PYMNTS

JULY 17, 2020

Mary Kay Bowman , Visa ’s head of seller solutions, told Karen Webster in a recent conversation that some operators had contactless payments already partially available in segments of the public transportation system, while others had it earmarked for a project several years in the future.

Transportation 112

Transportation California 112

PYMNTS

JULY 16, 2020

Visa , in response to the rising demand for safer ways to travel, has expanded its partnership with Cubic Transportation Systems to offer contactless payments for public transportation services in over 500 cities, according to a press release.

Transportation 91

Transportation New York 91

Patriot Software

AUGUST 31, 2022

Commuter benefits aren’t just popular in big cities with prevalent public transportation systems. But coming up with unique and appealing perks, like commuter benefits, can further your chances of attracting and retaining top talent. Any employer can give employees the gift of […] READ MORE.

Transportation 81

Transportation tax payroll 81

ThomsonReuters

APRIL 7, 2022

QUESTION: Our company’s qualified transportation plan allows employees to purchase transit passes with pre-tax compensation. ANSWER: The Code provision authorizing qualified transportation plans indicates that the tax benefits under a qualified transportation plan are for “employees.” Contributing Editors: EBIA Staff.

Transportation 98

Transportation tax Government Account 98

ThomsonReuters

NOVEMBER 19, 2020

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Available at [link].

Transportation 98

Transportation Government tax Account 98

PYMNTS

NOVEMBER 23, 2020

government is enlisting Uber and Lyft to help provide transportation services for public agencies and employees, Reuters reports. government was known to spend around $200 million on transportation every year. The deal is worth up to $810 million and will be able to assist over 4 million employees of the government nationwide.

Transportation 78

Transportation Government California 78

ThomsonReuters

OCTOBER 20, 2022

Qualified Transportation Fringe Benefits. The post IRS Releases 2023 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More appeared first on Tax & Accounting Blog Posts by Thomson Reuters. News Release. Contributing Editors: EBIA Staff.

Transportation 97

Transportation tax income tax Account 97

Katz,Sapper&Miller

JULY 9, 2020

Like many other industries, transportation has been significantly affected by the COVID-19 pandemic. From finding better ways to manage cash flow to adopting new technologies, the crisis has forced transportation companies to undergo a myriad of changes this year in order to survive.

Transportation 56

Transportation Finance Account accountant 56

PYMNTS

JANUARY 9, 2020

The reality is, many Americans fail to pick up their prescriptions or make it to their doctors’ appointments not because they don’t want to go but because they can’t — they lack adequate access to transportation. According to data from the Transportation Research Board, about 3.6 It doesn’t work direct to consumer.

Transportation 54

Transportation Healthcare North Carolina Hospitality 54

PYMNTS

MAY 13, 2019

Mastercard and Kisio, a unit of Keolis, are joining forces to make it easier for people to pay for transportation around a city. Transportation providers will be able to let passengers book their trips in one app. As it stands, most city dwellers have to purchase separate tickets for each mode of public transportation. “As

Transportation 66

Transportation Technology New York Account 66

Menzies

MAY 10, 2022

The definition of R&D is much broader than many businesses imagine and despite less than 1% of all R&D claims being made by businesses in the Transport and Logistics sector, we have made a number of claims for our clients in this sector and believe many businesses are still missing out. Download our pdf version. Who qualifies?

Transportation 52

Transportation tax chartered accountant corporation tax 52

ThomsonReuters

NOVEMBER 11, 2021

Qualified Transportation Fringe Benefits. The post IRS Releases 2022 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More appeared first on Tax & Accounting Blog Posts by Thomson Reuters. News Release. Contributing Editors: EBIA Staff.

Transportation 98

Transportation tax income tax Account 98

PYMNTS

JANUARY 7, 2019

HERE Technologies , a mapping and location data company, has released a new mobile transportation app called SoMo that hinges on a social aspect, according to a report from VentureBeat. The app combines all transportation – public, private and personal – and lets users see all options at once.

Transportation 73

Transportation Technology 73

Katz,Sapper&Miller

MAY 27, 2020

This consultation includes reviewing clients’ strengths and weaknesses when it comes to managing transportation services. While every carrier we visit uses transportation brokers, most do not have a strategy for those relationships. In the course of our consulting practice, we review and analyze many carriers’ freight networks.

Transportation 52

Transportation 52

PYMNTS

JANUARY 21, 2020

Healthcare transportation companies Ride Health and Uber Health have teamed up on non-emergency medical transportation to expand options for people seeking an easier way to get to their medical appointments, Ride Health announced on Tuesday (Jan. Ride Health has a web-based transportation enabling platform that’s also mobile-enabled.

Transportation 53

Transportation Healthcare Hospitality 53

PYMNTS

JANUARY 20, 2021

Bolt is striving to revolutionize transportation with its streamlined tools, Tzoumas said, adding that the expansion to new locales includes a presence on 18 university campuses and gives Bolt the ability to “empower local partners to expand the interconnectivity of cities and universities with multi-modal micromobility solutions.”.

Transportation 75

Transportation Technology 75

PYMNTS

JANUARY 9, 2020

Its Software-as-a-Service (SaaS) systems help clients comprehend risk throughout their transportation networks. . Riskpulse works with shippers, carriers and distributors — as well as their customers — to boost on-time performance, and minimize extraneous freight costs and waste.

Transportation 52

Transportation Technology B2B 52

PYMNTS

FEBRUARY 13, 2020

And in transportation, Lyft is innovating on its technology stack as the firm rolls out features like the Lyft matching platform. Connected brides have a series of new platforms, interactive tools and partnerships to help them plan their weddings. David’s Bridal , in one case, offers a new suite of tools, including a wedding vision board.

Transportation 52

Transportation Technology Retail 52

ThomsonReuters

NOVEMBER 19, 2020

The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Unlike the rules governing health FSAs, the qualified transportation plan rules place few restrictions on compensation reduction election changes. Available at [link].

Transportation 52

Transportation Government tax Account 52

PYMNTS

JULY 7, 2020

The COVID-19 pandemic has hit public transportation usage all over the world, with New York and London seeing ridership fall by 90 percent or more. Souza said that last point is incredibly critical, given the scale at which many public transportation systems operate under normal conditions. What’s Coming Down The Track?

Transportation 67

Transportation New York Maine Technology 67

PYMNTS

APRIL 30, 2020

A worldwide police force has issued an alert warning that criminal organizations are using food delivery services to transport drugs as countries remain locked down during the COVID-19 pandemic.

Transportation 80

Transportation 80

PYMNTS

JANUARY 21, 2021

And in an interview with PYMNTS, Nick Careen , senior vice president of airport, passenger, cargo and security at the International Air Transport Association (IATA), said the stage is set for digital solutions to help validate and authenticate passengers, and also serve as a validation of a COVID-related test and travel requirements.

Transportation 87

Transportation Government Technology 87

PYMNTS

JANUARY 10, 2020

FlixMobility , a German transport app, on Thursday reported a 37% increase in passenger travel in 2019. Daimler has also collaborated with BMW to offer FREE NOW, a partnership that showcases a range of transportation services from taxis, car sharing, and ride hailing. The FREE NOW platform reached 2 billion euros last year.

Transportation 52

Transportation 52

PYMNTS

OCTOBER 14, 2020

For example, wholesale auto sellers who used to deal mostly in person have pivoted — and largely stayed — with their new digital model, in turn bringing a surge of business to transportation providers like Manheim Logistics. “As

Transportation 67

Transportation B2B Technology Start-ups 67

ThomsonReuters

NOVEMBER 19, 2020

QUESTION: Our company has a qualified transportation plan that allows employees to purchase parking and transit benefits with pre-tax compensation reductions. How can we help those employees avoid losing amounts they have set aside to purchase transportation benefits? Many plans fully incorporate this flexibility.

Transportation 52

Transportation tax Government Account 52

PYMNTS

JULY 22, 2019

and caregivers who aren’t able to transport their loved ones. Within a year, Onward expects to have hundreds of drivers on board, as well as an increase in the number of vehicles that can transport riders in powered wheelchairs. They are all trained in CPR, dementia, and have gone through a background check and car inspection.

Transportation 46

Transportation Start-ups 46

Katz,Sapper&Miller

APRIL 3, 2020

EDT, Randy Hooper, partner with Katz, Sapper & Miller’s Transportation Services Group, will moderate a panel of SBA lenders to answer questions about eligibility requirements and the loan process

Transportation 54

Transportation accounting and finance Finance Account 54

PYMNTS

JUNE 3, 2020

To speed up fleet and billing functions for truck drivers as well as back-office staffers, mobile capture and workflow technology company Vector has teamed with transportation management software firm McLeod Software , according to an announcement.

Transportation 52

Transportation Technology Account accountant 52

PYMNTS

JULY 9, 2019

The ridesharing leader has its sights set on becoming the smartphone app everyone looks to for a lift—no matter the mode of transportation. With this step, we are moving closer to making Uber’s platform a one-stop shop for transportation access, from shared rides to buses and bikes.”.

Transportation 43

Transportation Colorado 43

Katz,Sapper&Miller

AUGUST 28, 2020

As with all industries, the COVID-19 pandemic has affected the transportation industry in a number of ways. Among the flurry of changes over the past few months, trucking professionals should be aware of the many accounting and tax updates which may impact daily and long-term business operations.

Transportation 53

Transportation tax Account accountant 53

Katz,Sapper&Miller

FEBRUARY 18, 2020

Tim Almack, partner-in-charge of Katz, Sapper & Miller’s Transportation Services Group, will be a featured speaker at the Truckload Carriers Association’s (TCA) 2020 Conference.

Transportation 52

Transportation Education 52

RogerRossmeisl

OCTOBER 30, 2023

Taxpayers in the transportation industry can use a special transportation industry rate.) Taxpayers can use these rates to substantiate the amount of expenses for lodging, meals and incidentals when traveling away from home.

Transportation 132

Transportation cpa business tax tax 132

Katz,Sapper&Miller

AUGUST 22, 2017

The significant growth Hartt Transportation Systems, Inc. Hartt Transportation), a 65-year old dry van carrier operating in the U.S. and Canada, was experiencing led them to search for a new accounting, tax, and consulting firm with a deep knowledge of the transportation industry.

Transportation 40

Transportation tax Account accountant 40

RogerRossmeisl

NOVEMBER 8, 2023

Certain industries — for example, construction, real estate, manufacturing and transportation — are usually more vulnerable to employee theft, according to the Association of Certified Fraud Examiners (ACFE). Occupational fraud risk isn’t necessarily shared evenly by all business sectors.

Real Estate 204

Real Estate Construction payroll Transportation 204