Offering benefits to employees doesn’t always have to mean breaking the bank. In fact, the IRS provides business owners with an incredible opportunity to boost morale and show appreciation through what’s known as de minimis fringe benefits. These are minor perks that, when given occasionally, can be tax-free to employees and easy to implement forContinue reading “Maximize Employee Morale with De Minimis Fringe Benefits”
Category Archives: De Minimus
What’s Not Included in De Minimis Fringe Benefits?
While de minimis fringe benefits are a fantastic way to show employees a little extra appreciation, there are some things the IRS doesn’t consider “small perks.” It can be a bit confusing, so let’s break down what doesn’t qualify, keeping things simple and clear. Cash and Cash Equivalents Frequent or High-Value Gifts Big-Ticket Perks RegularContinue reading “What’s Not Included in De Minimis Fringe Benefits?”