fringe benefit


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fringe benefit

or

perk

any benefit offered to employees in addition to their WAGE or SALARY, for example luncheon vouchers, company car or mileage allowance, EMPLOYEE SHARE OWNERSHIP PLAN and private health insurance and employer contributions to a PENSION scheme.
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132-7(a)(2) and (3), meals provided at an eating facility in a nondiscriminatory manner will qualify as a de minimis fringe benefit if the following conditions are met: The employer must own or lease the facility; the facility must be operated by the employer, direcdy or by contract with another party; the facility must be located on or near the business premises of the employer; the meals must be provided during, or immediately before or after, the employees' workday; and the annual revenue derived from the facility must normally equal or exceed the direct operating costs of the facility (the revenue/operating cost test).
Boston Bruins can deduct full cost of meals for team's away games: The meals were provided by the employer for its convenience, the Tax Court holds
IRS Fringe Benefits can be confusing and frustrating.
Fringe Benefit Taxation and IRS Compliance - By Compliance Global Inc.
Austin, Texas-based Fringe Benefit Group and its affiliate companies help employers design and administer fringe benefit programmes.
Fringe Benefit Group Acquires US Third Party Administrator
Taken together, fringe benefits can be a significant component of compensation and a tool for attracting, motivating and retaining talented employees.
The tax impact of Employee Fringe Benefits
A working condition fringe benefit includes property or services provided to an employee that the employee could deduct as a trade or business expense (or as a depreciable asset) if the employee had to pay for it (Sec.
Providing Sec. 132 fringe benefits to S corporation employees
The IRD has recently confirmed that generally, if a fringe benefit is available to an employee, but is not used, there is no benefit.
Fringe benefits for staff
The 1RS recently published its 2012 Publication 15-B "Employer's Guide to Fringe Benefits.
Employee benefits
Educating these contractors about prevailing wage benefit programs is a significant opportunity for brokers interested in growing their business--helping open shop contractors understand how they can reduce their costs, decrease their bid and remain compliant by implementing a fringe benefit wage program should certainly pique their interest.
Your piece of the economic stimulus pie: The government contractor marketplace is a hotbed of opportunity for savvy producers
The Code provides that if an employee of an S corporation owns more than two percent of the stock (an MTTPSE-more-than-two-percent shareholder-employee -for purposes of this chapter), the MTTPSE is treated as a partner for fringe benefit purposes.
Appendix B: benefit plans for proprietors, partners, and S corporation shareholders
This would be true even if the employee received a free meal on the plane with an FMV of $8, which would constitute a de minimis fringe benefit.
De minimis fringe benefit rules: current guidance and tax implications
During the 1970s the Treasury Department was grinding out various fringe benefit regulations proposals.
Assessing Internal Revenue Code section 132 after twenty years
TEI suggests that the ruling misreads the definition of de minimis fringe benefit under section 132(e).
Tax Executives Institute--Internal Revenue Service Large and Mid-Size Business Division liaison meeting February 9, 2005

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