Fringe benefits can help you hire, retain, and motivate your team without blowing up payroll. One of the most overlooked but highly valuable tools is the Accountable Plan. This IRS-approved reimbursement method allows employees (including owner-employees) to be paid back for legitimate business expenses without those payments being treated as taxable wages. Done right, it…
Fringe benefits can help you hire, retain, and motivate your team without blowing up payroll. Here is a short, plain-English guide to the most useful perks and how they are taxed.
Core Benefit Types (Quick Take)
Disability Insurance Taxable to employees; generally, not subject to FICA or FUTA when set up correctly.
Group-Term Life Up…
Depreciation (and smart expensing) lets you recover the cost of business assets faster—freeing up cash and lowering taxes. Here’s a clear, mid-length guide to doing it right.
1) Get the basics right: capitalize and depreciate
Many returns miss depreciation entirely because assets were never capitalized. If you own equipment, vehicles, or real estate used in…
Fringe benefits can help you hire, retain, and motivate your team without blowing up payroll. Here is a short, plain-English guide to the most useful perks and how they are taxed.
Core Benefit Types (Quick Take)
Disability Insurance Taxable to employees; generally, not subject to FICA or FUTA when set up correctly.
Group-Term Life Up…
Many business owners either skip travel deductions or assume mixing business with a little personal time will get them in trouble. In reality, the IRS allows quite a bit here—as long as you plan ahead, keep your intent primarily business, and document the right things. Below is a practical guide you can actually use.
1)…