If employees use company vehicles for personal business, you're required to measure and withhold taxes on the economic benefit they receive. PHH's Personal Use Taxable Benefit (PUTB) reporting program makes compliance painless by: - Simplifying data collection
PHH collects employee data monthly or annually. If you collect PUTB through payroll deduction, we reconcile deductions to the benefit calculation.
- Supporting payroll
Our final year-end report provides the reportable dollar benefits for your payroll department's use in preparing tax forms.
- Providing administrative support
While your organization is responsible for compliance, we'll collect, store, and validate the data; provide administrative support tools; and calculate each employee's taxable benefit.
- Generating custom reporting
We provide report formats tailored to your requirements.
| | - Simplify administration of payroll and tax statements
- Assist with policy evaluation
- Provide reports to monitor compliance
- Supply necessary information to payroll
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