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The IRS Publication 15-B or the Employer's Tax Guide to Fringe Benefits is a document published by the Internal Revenue Service (IRS) that provides employers with guidance on how to account for ...
A “working condition fringe” benefit is defined as property or services provided by the employer to the extent that, if the employee paid for such property or services, he or she would be able ...
However, these benefits often come with tax implications that you need to understand to ensure compliance and avoid unexpected tax liabilities. Fringe Benefits Tax (FBT) was part of a tax reform ...
executives to tack on fringe benefits to their salaries ... practices in 2017 around the time that a tax consultant conducted an internal review for Trump Org. and President Donald Trump took ...
You can reduce your fringe benefits tax liability by asking your employee to make a contribution. (Source: Getty) · Samantha Menzies Many businesses look to get the best out of their staff by handing ...
Liivamägi confirmed to ERR that fringe benefits are currently being reviewed and will be amended if necessary. There are for instance, plans to increase the tax liability on cars. "A review of the ...
The announcement last year of a federal fringe benefits tax (FBT) exemption for employers providing electric vehicles for staff to use was welcome news to many buyers considering an electric car ...