Simplify taxable benefits reporting for your fleet
Tracking personal use of company vehicles isn’t just smart, it’s required. Element’s Taxable Benefit program makes it easy for drivers to log their mileage and ensures your team has accurate records to stay compliant with tax regulations.
With 24/7 reporting access, automatic reminders, and detailed reporting sent straight to payroll, we help take the stress and guesswork out of personal-use tracking. So you can reduce your admin burden and keep your fleet compliant.
It’s a mileage tracking solution that helps you accurately report and manage the personal use of company vehicles. Drivers can log business and personal mileage through mobile, web, or phone, while Element automates the taxable benefit calculations and sends reporting directly to your payroll team.
What can the Taxable Benefit program do for my fleet operations?
The program reduces administrative work, improves reporting accuracy, and helps drivers stay compliant with tax rules. It simplifies internal processes by sending reminders to drivers, calculating taxable benefits automatically, and generating payroll-ready reports.
How does the program help my fleet with compliance challenges?
Element’s program ensures you stay aligned with IRS and CRA rules. It eliminates manual tracking errors, provides complete audit trails, and generates consolidated year-end or quarterly reports, making compliance more straightforward and stress-free.