Tax Efficient Perks You Must Ask Your Employer For
Car Allowance
If the company is providing their employees with car allowance, it comes in a form of an additional pay. But mostly comes in form of a credit card or reimbursement plan. If so then it allows you to avoid additional taxation as it’s considered a company expense. If you are the one paying then consider a more fuel-efficient vehicle that will reduce the tax you pay. Or in the case where the employer provides you with a car lease option, you should consider availing of the same as it would be a tax efficient option.
