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Edenred Commuter Benefit Solutions, which mission is to make tax-free commuter benefits an essential part of employee benefits packages nationwide, praises the repeal of a section of the 2017 Tax Cuts and Jobs Act that required tax-exempt organizations to pay a 21% Unintended Business Income Tax (UBIT) on parking and transit benefits provided to employees, which comes as part of the year-end spending and tax package signed on December 20, 2019.
Asian cities are transforming the way their citizens move around, and the changes could have a significant impact in the coming years.
Asian cities are already offering citizens new means of transportation, like autonomous vehicles and shared car fleets. It’s the next-generation of mobility, and it will change how we commute and move around. Other mobility platforms include electrification and multimodal platforms.
As transportation continues to evolve, the growth of micromobility creates many different possibilities for the future.
The IRS released the 2020 pre-tax limits for mass transit and qualified parking. The limits are effective on January 1, 2020.
On November 14, businesses in Washington, DC, who are not in compliance with the area’s commuter benefits law, will be subject to fines.
Recent news from the Department of Employment Services in DC stated that beginning November 14th, D.C. employers who are not in compliance with the law will be subject to fines.
Rising living expenses have priced workers out of living near where they work in many parts of the United States.
Generation Z workers, those born in the mid-1990s to mid-2000s, are one of the most age groups most affected by this trend. More than 40 percent of all Generation Z workers cannot afford to live near their jobs, according to Randstad US and Apartment Guide survey.
The survey explored how rising living expenses influence where and how people live and work in the US. And the survey looked at the impact those trends are having on their quality of life. Younger workers were most impacted.
Longer commutes spell trouble for anyone who has to do them daily. But researchers are now finding that these long commutes are keeping some residents from gaining employment and employers from filling jobs.
Are you a super commuter or do you read your morning work emails in your pajamas while having breakfast in your home office?
It might not be long before those situations define our work life. The trends in the commuting landscape are pointing that workers will be at opposite ends of the commuting spectrum in the years ahead. There very well could come a day when we either have a long commute to work or never leave “the office.”
Companies can play an important role in helping their employees with the commute. The extra investment can pay off by having happy and engaged employees while increasing productivity.