With the increasing cost of gasoline, would your employees appreciate a Qualified Transportation Plan? Do your employees have employment-related parking and transit expenses? Have your employees requested using pre-tax dollars to pay for expenses incurred for van pools, parking and bus passes?
Transit expenses, including van/car pool and parking requirements for work, may be funded by participants pre-tax when a plan has been established by an employer. Eide Bailly can help you set up and administer a transportation plan for your staff. Our services provide for the most current allowances, carryovers and systematic processing.
We can help you design and administer a Qualified Transportation Plan. Our professionals can help you determine if this type of plan would benefit your organization. A Qualified Transportation Plan can be integrated with your Flexible Spending Account benefit to simplify coordination and administration. We offer web access for both employers and participants to provide them with continuous information regarding their account activity and fund availability.