As we’ve read in many news articles, exercise is being touted as a partial cure for many ailments. Wouldn’t it be great if you could deduct the cost of exercise equipment, tennis courts, […]
A Tale of Two Companies
Several years ago, I went to a Whole Foods store to order some special Ezekiel Bread; which is a low carb, low salt bread; and I also wanted to get some organic, self-ground […]
Fringe Benefits: Part 7
Part 7: Providing Property or Services to Employees Your company can provide any employee—even if it discriminates in favor of officers or highly compensated people—property or services under both the following conditions: The […]
Fringe Benefits: Part 6
Part 6: Disability Insurance Disability insurance covers two situations: loss of income owing to being disabled from an accident or illness and payments for the loss of a bodily function, a limb, or […]
Fringe Benefits: Under the New Tax Laws
Sandy takes a look at how fringe benefits have been effected by the new tax laws. Part 1 – Tax-Free Use of Property, Equipment, and Services Part 2 – No-Additional-Cost Fringe Benefits Part […]
Fringe Benefits: Part 5
Part 5: Tax-Free Health Insurance One of the big disadvantages of being solely an employee is that you can deduct only medical insurance premiums and other medical expenses that exceed a very high […]
Fringe Benefits: Part 4
Part 4: Company-Provided Adoption Assistance There’s a big demand from couples to adopt children. Because of this, Congress created a nice fringe benefit for adoption expenses. A company can set up a qualified […]
Fringe Benefits: Part 3
Part 3: Tax-Free Day-Care Assistance You can provide day care tax-free to all employees up to a maximum of $5,000 per year ($2,500 if married filing separately). The self-employed are considered employees under […]