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.
Make it easy for drivers to log their mileage and keep them informed along the way.
With the help of our program, drivers can:
Report mileage 24/7 via mobile, web, or phone.
Receive automatic reminders to stay up to date.
Get an accurate benefit calculation every time.
It’s a better experience for drivers—and better compliance for you.
Stay compliant without the complexity
Navigating tax regulations can be tricky. We make it easier.
With our program, you can:
Ensure compliance with IRS and CRA requirements.
Choose quarterly or year-end reporting options (U.S. only).
Access exception reporting and year-end summaries.
Benchmark activity with comprehensive usage metrics.
Consolidate data for accurate, hassle-free payroll processing.
We help you meet requirements without overloading your team.
FAQs
What is Element’s Taxable Benefit program?
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.