article thumbnail

Top tips for managing the cost of company car schemes

Employee Benefits

As well as tax savings, EVs can be cheaper to run and maintain, with used cars also a cost-effective option. Employees need to understand how benefit-in-kind (BIK) rates differ for both EV and internal combustion engine (Ice) cars. This is also a useful conversation in the context of internal combustion engine (Ice) vehicles.

article thumbnail

CAFE in the News.

Florida Workers' Comp

In the way back, 1975, the federal government imposed CAFE standards on vehicle manufacturers' fleets. This essentially means that the average fuel economy for all of the cars manufactured by XYZ car company is averaged to determine what the fleet performance is. That tax does not apply to minivans, trucks, and more.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Alternative Energy, Opportunity is Abound Throughout North America

AssuredPartners

Tax Incentives are the investment driver in many cases, along with carbon credits. Canada is on the verge of enacting their green energy tax incentive program (similar to our Inflation Reduction Act), and this has created positive energy among Canadian Infrastructure Funds that invest both in the U.S. and Canada.

Taxes 52
article thumbnail

Professor Peter Wells: There’s never been a better time for employers to go electric

Employee Benefits

There are major savings to be had for individuals, including with the plug-in car grant, benefit in kind, and salary sacrifice schemes , while several car manufacturers are offering to help with free installation of domestic charge points. Manufacturers have stopped engine development programmes to focus on electric.

article thumbnail

How to get a contractor’s license

Higginbotham

The Contractors State Licensing Board (CSLB) issues licenses for three different classifications: Class “A”- General Engineering Contractor. A general engineering contractor is a contractor whose primary business is related to work that requires specialized engineering knowledge and skill. Tax registration.

article thumbnail

How Employee Perks Can Help Companies in the US

Vantage Circle

A 401(k) is a tax-advantaged retirement savings program provided by employers. Honeywell is an engineering and technology firm with a presence in aerospace, building technology, and industrial safety. It is a cornerstone of American manufacturing and has a workforce of nearly 200,000 individuals. For employees in the U.S.,

article thumbnail

Technology, Innovation, and Growth: Florida’s Business Climate

UpstartHR

Thriving Hi-Tech Businesses Finally, the Florida Business sector is full of innovative firms that are leading high profile projects.