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Employee Benefits

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 /

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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Saving tax on restricted stock awards with the Sec. 83(b) election

Compensation and Benefits, Employee Benefits, Income Tax, Individual Income Tax, Investment, Restricted Stock, Sec. 83(B), Stock Based Compensation, Tax, Tax Cuts and Job Acts (TCJA), Tax Planning /

Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes. But if you receive restricted stock awards, you might have a tax-saving opportunity in the form of the Section

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TCJA changes to employee benefits tax breaks: 4 negatives and a positive

Business Credit, Employee Benefits, Federal Income Tax, Small Business, Tax, Tax Credits, Tax Cuts and Job Acts (TCJA) /

The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits. Four breaks curtailed beginning with the 2018 tax year, the TCJA reduces or eliminates tax breaks

TCJA changes to employee benefits tax breaks: 4 negatives and a positive Read More »