Fringe Benefits – Feel Good About Treating Your Workers Well
There are a variety of fringe benefits and supplemental wage payments used by employers to reward workers for a job well done. Some are reimbursements which do not have to be taxes, and some are in the form of bonuses or incentives.
There are many and varied rules, differing among the IRS and States, that govern the taxability of these payments. Failure to know these can result in bad relations among you and your workers. Let Mark guide you on the proper administration and reporting of these types of payments, to keep the talent you have invested in around for a long time.