De Minimus Benefits Any property or service with a relatively low value is excluded from tax on employees – including owners and partners. This includes occasional meals or supper money, local transportation when working late, holiday or birthday gifts, occasional sporting event tickets and traditional awards.
Fringe Benefits – Transportation Tax Breaks Rules Of The Road: How To Secure Employee Transportation Tax Breaks As with most tax breaks, you must meet detailed rules to secure tax-free treatment of yours companies qualified transportation fringe benefits. Here’s a brief rundown of the three categories of qualified employer-provided benefits: TRANSIT PASSES: To qualify, a […]
Fringe Benefits – Types Of Benefits For Employees In 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: […]