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Fringe Benefits – Types Of Benefits For Employees

Medical InsuranceIn today’s tight job market, a good fringe benefit package is often essential. Certain perks can be deducted by your company as business expenses but don’t have to be included in employees’ incomes. Qualified transportation fringe benefits belong in this category.

Here’s a list of some others:

  • Medical, dental and long-term care insurance.
  • Up to $50,000 worth of term life insurance.
  • A de minims fringe benefit, such as the occasional use of a company-copying machine, beverages provided to employees or a holiday gift of nominal value.
  • A “no additional-cost service” that you offer clients or customers in the ordinary course of your business.
  • An on-premises athletic facility.
  • A qualified employee discount.
  • A qualified moving expense reimbursement.
  • A working-condition fringe benefit that an employee could have deducted if he paid for it personally. An example is a job-related education.
  • Certain meals and lodging provided for the convenience of the employer.
  • Business-generated frequent flier miles.

If you have any questions or require further info please call 718-531-1105 or send an email.

This web site and these articles are not tax or legal advice and are not intended as tax or legal advice.  They are intended to provide only general, non-specific legal information and are not intended to cover all the issues related to the topic discussed.  The specific facts that apply to your matter may make the outcome different than would be anticipated by you.  This web site and these articles are based on United States law.  You should consult with an accountant or lawyer familiar with the issues. This web site and the articles contained on this web site are not solicitations.

Contact Info:

Ronald Semaria
Semaria Consulting
1408 East 66th St
Brooklyn, NY 11234

Phone Numbers:

Phone: 718-531-1105
Toll-Free: 866-531-1105
Toll-Free: 888-IRSAUDIT
Toll-Free: 888-RONTAXES
Fax: 718-444-7152