Non-Taxable Fringe Benefits

Business owners: Think carefully about fringe benefits related to smartphones

Employee Benefits, Fringe Benefits For Employees, Small Business, Small Business Owners, Small Business Tax Tips / Douglas Freeman

You’d be hard-pressed to find many employees these days who don’t use smartphones for some aspect of their jobs. Even someone who works behind a point-of-sale device may use a phone to interact with a supervisor or log work hours. For business owners, this situation creates both problems and opportunities. On the downside, there are […]

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Providing fringe benefits to employees with no tax strings attached

de mimimis Fringe Benefits, Employees, Fringe Benefits For Employees, Small Business / Douglas Freeman

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits. Here are examples of two types of benefits that employees generally can exclude from income: A no-additional-cost benefit. This involves a service provided to

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