The closure of I-85 for an indefinite period of time presents many employers with a significant business issue.
The Benefit Company is pleased to offer your organization resources to help you navigate the anticipated traffic delays and congestion. These resources could help mitigate the impact of the I-85 Bridge Collapse on your organization and employees.
Federal tax law under IRS Code Section 132(f) allows employers to sponsor programs under which employees can set aside money on a pretax basis to pay for commuter expenses. Additional, and other pertinent and related, information is below.
Resources for Atlanta Employers in Dealing with I-85 Bridge Collapse:
The Federal Tax Code Allows Employers to Offer Employees Incentives for Using Alternative Commute Options:
- IRS Publication: Fringe Benefit Guide.
- The Commuter Choice tax benefits program, based on Section 132(f) of the federal tax code, allows employers to offer employees a variety of financial incentives for using alternative commute modes. Section 132(f) covers transit, vanpool and bicycle benefits as well as qualified parking. More information here.
Georgia Offers Income Tax Credit for Qualified Transportation Fringe Benefits.
- Georgia Code Title 48. Revenue and Taxation 48-7-29.3
- Employers can receive an annual $25 tax credit for each employee that utilizes a federal qualified transportation fringe benefit.
More information here.
MARTA Offers The Partnership Perk Program.
This program provides discounts of up to 20%. Advantages of joining the MARTA Partnership Perk Program include:
- Employers save 7.65% on employee’s contribution to FICA & MEDICARE
- Employers do not pay federal or payroll taxes on the value of the commuter benefit
- The program is free to join.
More information here.
One-On-One Consultation Available to Employers.
Georgia Commute Options offers one-on-one consultation for employers. More information here.
Employees Can Get Paid to Commute.
Georgia Commute Options provides nice incentives, ($5 per day) to employees to try alternative commute options.
More information here.
Excellent Resources for Members of SHRM:
- Commuting Assistance Policy: Mass Transit, Van Pools and Parking
- Sample, and customizable, presentation on Commuter Transportation Benefits Plan
A Timely Reminder of the Benefits of Telemedicine.
This season of interrupted travel around Atlanta is an opportune time to remind your employees of the benefits of using your telemedicine benefit. Employees can contact physicians from their home, their work or while away for Spring Break–all without ever having to get in a car. Contact your TBC consultant today for the latest tools on communicating your telemedicine benefit. Or, if you do not currently offer telemedicine, contact us to find out if telemedicine is right for your organization.
NOTE: The information presented here does not constitute official tax guidance or a ruling by the U.S. Government. You are encouraged to consult with your attorney , the Internal Revenue Service or a tax professional for specific guidance related to the Federal tax law and its application to your organization and employees.
Search
Testimonial:
“Before we began working with TBC, we did not realize the extent of innovation available in the marketplace. We assumed that we were getting the best results through the traditional RFP process. TBC opened our eyes to new possibilities and delivered on all of their promises.”
Subscribe to Our Blog
Archives
Categories
Post List
5 Ways to Love Your Workday
February 14, 2019HR News You Can Use February 2019
February 11, 2019Free Anti-Trafficking Training Video for Employers
February 8, 20192019 Annual Tax Benefit Levels
February 8, 2019Nick Hendricks Named to 2019 Rising Stars
February 8, 2019HR News You Can Use January 2019
January 15, 2019The Ins and Outs of Warming Up and Cooling Down
January 9, 2019A New Year’s Resolution for Benefits
January 2, 2019Reference Based Pricing: What Employers Need to Know
December 20, 2018Update: Challenging the ACA’s Constitutionality
December 20, 2018