What's Personal Use of Company Car (PUCC)?
Personal use of company car is for employees who use a business vehicle for personal purposes. It's a taxable benefit provided in-kind, and you must include the value of the personal use in the employee's wages.
To set up a Personal Use of Company Car (PUCC) pay type for an employee:
- Go to the Employees tab.
- Click an employee's name.
- On the employee's overview page, look for the Pay section and click Edit.
- Scroll down to the What additional ways do you pay? section and click to select the Personal Use of Company Car checkbox.
- Optional: Enter a default amount to be paid each paycheck. You can always change the amount when you create the paycheck.
- Click OK.
Next time you create a paycheck for the employee, the Personal Use of Company Car pay item appears. Simply enter the value of the PUCC benefit in the employee's wages for income and employment tax purposes.