Truckers designed it. Tax pros built it. Your drivers want it. Our cloud-based mobile app enables fleets to implement an IRS-compliant per diem plan that will enhance recruiting and retention by:
- Raising employee driver take-home pay
- Streamlining tax compliance
- Eliminating the need to retain ELD backups for 3 years[i].
EFFECTIVE OCTOBER 1, 2018 the trucker per diem rates were increased to $66 US and $71 Canada
Raise Employee Driver Pay
A company-sponsored per diem plan can increase driver pay by 2.7ȼ per mile at a cost of only 1.5ȼ per mile to the fleet. Although only 80% deductible to a fleet, per diem coupled with payroll tax savings will fund a driver pay raise for a fraction of the cost.
Simplified Tax Compliance & Retention
A company is required to prove 1) drivers were away from home overnight 2) identify the “date, place and amount” of each per diem event, and 3) retain substantiation through the retention of ELD backups or Per Diem Plus® Fleets platform for no less than 3 years[ii]. Fleets that implement Per Diem Plus for can run IRS-compliant fleet per diem reports for a week, month or even a year in under a minute. Furthermore, per diem records are retained on the PDP secure cloud and instantly accessible to a fleet for four (4) years.
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[i] All amounts paid under the arrangement are treated as paid under an accountable plan and are excluded from income and wages.
[ii] Rev. Proc 2011-47 § 4.03: This amount is deemed substantiated for purposes of 1.274-5T(b)(2)(i) and (c), provided the employee substantiates the elements of “time, place, and business purpose of the travel” for each day or partial day in accordance with those regulations.