Fringe benefits are forms of compensation you provide to employees outside of a stated wage or salary. Common examples of fringe benefits include medical and dental insurance, use of a company car, ...
The IRS Publication 15-B defines a fringe benefit as "a form of pay for the performance of services." Fringe benefits are commonly regarded as extra benefits outside of a company's standard health ...
When figuring a budget or calculating salary costs for a small business, it is critical to include the costs of wages plus benefits for accurate costing. Salary is not the only form of compensation ...
When a regular payroll expense occurs, the charge to the salary account will trigger the fringe rate to be applied and charged to the correct fringe benefit account. When a PET occurs, the charge to ...
The Internal Revenue Service (IRS) recently clarified its position on two fringe benefits provided to employees on global assignments: tax equalization services and tax return preparation services.
It’s a topic that has been in the news lately: Exactly what constitutes taxable fringe benefits for employees? Which are perfectly legal perks, and which are to be avoided? First of all, what’s the ...