Businesses are Adopting a Commuter Benefits Plan: Should You?

Businesses are Adopting a Commuter Benefits Plan: Should You? You pay your employees well. But what if your HR predicts that your competitive advantage as an employer could still shift because competitors offer more in disposable income.We are quickly informing companies in New York, San Francisco and DC about the hefty fine for non-compliance with the Transit Ordinance. What is The Transit Ordinance? Companies with over 20 full time employees in New York and DC are obligated by the law to offer Transit passes to employees, or otherwise subject to a fine. In San Francisco, the law fits companies with over 50 employees.Beginning st July 12016, businesses with over 20 full time employees in New York had a 90-day period to correct the violation. Though initially $100, the rate of penalty changed thereon in New York.IRS regulations therefore are not only unique to each State, but prone to change. Why do New York, San Francisco and DC companiesoutsourcethis function? BecauseTime is Money. Coincidentally, penalty rates change when companies are encircled by an important decision. Management would rather divert their time to retention programs, efficient onboarding and expansion than tracking IRS regulations. Andrightfully soʹoutsourcing is preferred both in time and money. Simplified Compliance:Our Commuter Benefits Plan simplifies compliance by adjusting your payroll with the Transit Ordinance.