I found out recently that Sherwin Williams does mandatory per diem. Thought they were better than that. smh
Schneider per diem
Discussion in 'Schneider' started by bamamac, Apr 29, 2017.
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What makes it even more not worth it at schneider is that they take 2 cents off per mile for every mile driven for per diem. I opted out of it when I started, but if I hadn't that would mean that they charged me...
Math time
I drove just over 135k miles last year. Let's say with hhmg I was paid for 5% less than that (very likely more than 5% but for sake of easier math, whatever). So paid for 128250 miles. If I was on schneider per diem, they would have paid me 2c less for all of that. So $2565 for the year.
That's over $2500 for what? Tax preparation fee? Ridiculous and I have no idea why anyone would ever do it91B20H8, JOHNQPUBLIC and LtlAnonymous Thank this. -
And you mentioned the mover's guide. Oh god, don't even get me started. HahaFriday Thanks this. -
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To ALL company drivers. Just heard the other day, from a well known CPA, that beginning this year, if your company offers per diem and you elect not to take it, you will not be able to deduct it at the end of the year. The IRS is clamping down on reimbursable expenses. If your company will reimburse an employee expense and you don't take it, you can't claim it at the end of the year. Just a heads up. Consult your tax professional.
gillz107 Thanks this. -
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Friday Thanks this.
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The other part of that is, the company must have an IRS qualified plan in order to do it. Consult your tax professional.
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Emailed my accountant. He should get back to me in a day or so.
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