Compensation

Tax-free fringe benefits help small businesses and their employees

Compensation, Employee Benefits, Flexable Spending Accounts, Fringe Benefits For Employees, FSA, Small Business, Tax, Tax Cuts and Job Acts (TCJA), Tax Savings / Douglas Freeman

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with various types of insurance […]

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Assessing the S corp

Compensation, Qualified Business Income Deducton (QBI), Shareholder, Tax, Tax Cuts and Job Acts (TCJA), Tax Planning, Tax Savings / Douglas Freeman

The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not all businesses are eligible – and, with the new 21% flat income tax rate that now applies to C corporations, S corps may not be quite as attractive as they

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