Gentry, W., and E. Peress (1994), "Taxes and fringe benefits offered by employers", Working Paper 4764 (National Bureau of Economic Research).Gentry, William and Eric Peress. 1994. "Taxes and Fringe Benefits Offered by Employers." NBER Working Paper #4764....
Are Fringe Benefits Taxable? If you’re a U.S. employee receiving a fringe benefit, like a subsidized gym membership or a four-day work week, you don’t have to go about tax season any differently. For employers, though, it can get a little complicated. According to the IRS, any frin...
Many employees are always attracted to employers who provide additional benefits over and above the salary. Once the organization gains a reputation for its positive approach toward employees, its market reputation increases. An employee’s health is related to therevenueearned by the organization. The...
Fringe benefits are additions to compensation that companies give their employees. Some fringe benefits are provided to all employees, while others may be offered to executives only. Some benefits may include a company car, paid time off, or gym membership.Employers use fringe benefitsto help them...
Fringe benefits you’re legally required to offer include: Workers' compensation Unemployment insurance Family and Medical Leave Act (FMLA) leave Health insurance (for certain employers) Employers have some discretion in the types of fringe benefits they offer, who is eligible to receive them, and ...
EmployersLatest News The 2024 Health & Welfare Fringe Benefit Rate 07/19/2024 Annually, government contractors eagerly await the U.S. Department of Labor’s announcement of the new fringe benefit obligation for health and welfare benefits under the Service Contract Act (SCA)... The Impact...
Related: A Comprehensive Guide to Receiving Gifts from EmployersImportance of fringe benefitsThese benefits are an important part of any job, as they can help provide for an employee's long-term financial security, improve their quality of life, and serve as an extra layer of security when ...
While employees can still exclude certain transportation benefits from taxable income, for-profit employers are no longer permitted to deduct the cost of providing those benefits. Tax-exempt organizations and state colleges and universities have different sets of rules that affect their unrelated busine...
At one time employers were able to deduct qualified transportation benefits. However, the Tax Cuts and Jobs Act limited or eliminated tax deductions for these benefits. In addition, at one time there was an exclusion for qualified bicycle commuting reimbursements. However, the Tax...
benefitsemployee rewardsattitudesGreecebarteringThe importance of fringe benefits for both employers and employees has been repeatedly pinpointed in the Human Resource Management academic and professional literature. How important are they, though, for either gender, in the midst of the current economic ...