PeopleKeep

JUNE 8, 2022

Offering competitive employee benefits packages is a great way to attract and retain your employees, with many employers looking to employee stipends and fringe benefits. But, as with any employee benefit , you need to know how to manage these perks, including understanding their taxability.

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Insperity

JANUARY 27, 2022

For example, you can offer fringe benefits. What are fringe benefits? In common parlance, fringe benefits (a.k.a. perks or perquisites) are benefits you offer in addition to pay. In other words, “fringe” is whatever makes a position or your company more attractive for someone to join and grow.

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Justworks

NOVEMBER 28, 2018

On this blog, we’ve previously tackled the question of “What are fringe benefits?” As a quick refresher, IRS Publication 15-B, the Employer's Tax Guide to Fringe Benefits, defines a fringe benefit as “a form of pay for the performance of services.”.

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Justworks

OCTOBER 27, 2017

As an employer, you’ve heard about benefits before. But what are fringe benefits? To understand fringe benefits, first it’s important to understand how employees are paid. Employers are also required to provide certain benefits to their employees (i.e., workers’ compensation coverage, and. Read more

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Patriot Software

JANUARY 30, 2023

If so, you most likely have given employees de minimis fringe benefits. But, what are de minimis fringe benefits exactly, and are they taxable? Dig into this type of fringe benefit […] Read More Have you ever had a workplace event, like a picnic or party?

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Patriot Software

SEPTEMBER 29, 2022

For many employers, nothing’s more confusing than employee benefits and payroll taxes. Are there any fringe benefits that are exempt from all payroll taxes? Yes, there are, and the working condition fringe benefit (spoiler!) What is the working condition fringe benefit? is one of them.

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BackStitch

AUGUST 8, 2019

Fringe benefits are a great part of workplace culture and can be a big factor for some employees when choosing between jobs. There are some fantastic fringe benefits being offered for 2020, with new and improved benefits coming out every year.

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Employee Benefits 64

Patriot Software

NOVEMBER 11, 2020

As an employer, you probably offer your employees some types of fringe benefits. From health insurance to employee stock options to paid time off, there are a number of benefits out there. These benefits can impact your fringe benefit rate. So, what is a fringe benefit rate?

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Justworks

MARCH 31, 2016

All the terminology around fringe benefits can get confusing. Fringe benefits, regular benefits, perks, rewards — how can you tell them apart? Put simply, fringe benefits are an additional benefit on top of an employee’s salary.

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Vantage Circle

DECEMBER 31, 2019

And one among those measures was providing employees with certain Fringe Benefits. What are these Fringe Benefits? Employee fringe benefits are the tangible or intangible perks that institutions provide their workforce in addition to their salaries. Employee Health Insurance Benefits.

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PCS

NOVEMBER 7, 2022

Make sure that details like complete names, positions, addresses, wages, benefits, tax withholdings, and Social Security numbers are accurate. Inform employees of benefits that have not been availed of according to company rules and regulations. That is why, there is the likelihood of missing essential steps.

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Benefit Resource Inc.

APRIL 30, 2019

If you’ve been in the benefits industry for any amount of time, you’ve probably come across the term “fringe benefits” However, what counts as a fringe benefit is sometimes unclear. Let’s take a look at what fringe benefits are and how they can help your company.

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BackStitch

FEBRUARY 5, 2020

There are a lot of fantastic fringe benefits being offered to employees in 2020. However, it is important for companies to remember that many of these benefits are taxable, which means that they are going to be subjected to withholding and employment taxes.

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BackStitch

SEPTEMBER 26, 2019

One of the most underrated factors of a company is the fringe benefits that they offer. Many companies tend to put more weight on what kind of salaries they offer, leading to the overshadowing of employee benefits. Is this because they are really less valuable, or simply because employees aren’t fully informed of them?

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Justworks

APRIL 14, 2016

You can always use our easy guide to learn the difference between perks and benefits. The difference between perks, benefits, and fringe benefits can get sticky (as we’ve stated in previous blog posts and whitepapers ). So, what are de minimis benefits? We’ve got some answers to help clear it all up.

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Zenefits

SEPTEMBER 7, 2018

From paid vacations to company laptops, fringe benefits exist to reward employees for their hard work on the job and make your organization more attractive to job candidates. But as an employer, it’s important to understand how to provide these benefits legally. What are fringe benefits?

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HR Daily Advisor

AUGUST 21, 2017

The Internal Revenue Service (IRS) recently released a checklist to help public employers comply with the fringe benefit rules. The post IRS Issues Fringe Benefit Compliance Tool for Public Employers appeared first on HR Daily Advisor. Many of the provisions it addresses apply in the private sector as well.

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BackStitch

DECEMBER 20, 2018

The fringe benefits a company offers is a big factor in whether or not a new employee chooses to work at your company or whether current employees will remain there.

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Paycor

APRIL 10, 2019

Fringe benefits sometimes are overlooked as taxable income and most employees have never heard of imputed income, but the IRS isn’t looking for excuses. When an employee receives non-cash compensation that’s considered taxable, the value of that benefit becomes imputed income for the employee. What is a Fringe Benefit?

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Zenefits

JULY 30, 2018

In 2018, employee benefits are no longer limited to offering health insurance and a matching 401(k). Queue fringe benefits: this is the category of perks and additional programming that are beginning to pop up all over the place. What Are Fringe Benefits? How Do Fringe Benefits Differ From Regular Benefits?

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HR Lineup

MARCH 29, 2024

Benefits: These encompass various perks and protections offered to employees, including health insurance , retirement plans, paid time off, and other fringe benefits. It considers not only salaries and benefits but also factors in recruitment, training, turnover, and other related expenses.

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BackStitch

NOVEMBER 6, 2018

The other 30 percent or so comes in the form of fringe benefits. Fringe benefits are the “extras” in a compensation package like health insurance, a company car, child care and tuition assistance. It’s been estimated that, on average, salary makes up around 70 percent of an employee’s total compensation.

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HR Daily Advisor

MARCH 21, 2018

This article discusses the TCJA’s impact on employer provided fringe benefits and our insights, based on conversations with employers across the country, on how the changes may influence an employer’s fringe benefit offerings over the years to come. Most of the changes took effect January 1, 2018. Moving Expenses.

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HR Daily Advisor

SEPTEMBER 15, 2017

All of these situations are governed by the Internal Revenue Service’s (IRS) rules on de minimis fringe benefits. De minimis fringes are excluded from an employee’s income and wages because their value is so small that it makes accounting for them unreasonable. mediaphotos / E+ / Getty Images. “De How Often Is Too Often?

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Zenefits

AUGUST 9, 2018

Fringe Benefits are confusing. What exactly is a fringe benefit? Fringe benefits are the large range of work perks you enjoy in addition to your salary. For employees and employers in the 21st-century, fringe benefits are becoming better incentives than just salary-based compensation alone.

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Paychex

AUGUST 31, 2015

What are fringe benefits and which of them should be considered part of an employee's taxable pay? In the following FAQs, we answer questions most often asked by employers regarding fringe benefits, often considered compensation beyond the employee's normal wages.

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Paychex

MAY 21, 2015

As a small-business owner, you may choose to provide your workers fringe benefits. To avoid any surprises at tax time, it's important to understand which fringe benefits are taxable and which benefits are nontaxable.

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HR Daily Advisor

MARCH 22, 2018

In part one of this article , we discussed the TCJA’s impact on employer provided fringe benefits, in regard to transportation and moving expenses. The TCJA extended the 50% deduction limitation to meal expenses that are excluded from an employee’s income due to the de minimis fringe benefit rules. Conclusion.

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PeopleKeep

JULY 13, 2022

When deciding which additional employee benefits to offer, there’s no shortage of perks or fringe benefits that can help supplement your benefits package. If your staff must commute to work, offering a commuter benefit can be an excellent incentive for attracting and retaining your employees.

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Paycor

DECEMBER 9, 2016

As you prepare for the end of 2016, Paycor is providing you with some helpful information to assist in explaining how to process Fringe Benefits and Imputed Income. When an employee receives non-cash compensation that is considered taxable, the value of that benefit becomes imputed income to the employee. What is Imputed Income?

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BackStitch

NOVEMBER 8, 2018

Many employers offer fringe benefits that make up as much as 30% of an employee’s compensation package. However, many employees are not using most of those benefits for a variety of reasons. There are many things you can do to help your employees take advantage of all the perks your company has to offer.

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Compensation Company Employee Benefits 40

Paycor

DECEMBER 9, 2016

As you prepare for the end of 2016, Paycor is providing you with some helpful information to assist in explaining how to process Fringe Benefits and Imputed Income. When an employee receives non-cash compensation that is considered taxable, the value of that benefit becomes imputed income to the employee. Fringe Benefit.

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Zenefits

SEPTEMBER 12, 2018

We’re here to tell you it’s all in the fringe benefits. That’s why we collected data from over 600 small and midsize businesses to give you the necessary insights in developing a competitive benefits package that’s right for your company. What are fringe benefits? Commuter benefits.

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Business Management Daily

NOVEMBER 2, 2018

The post IRS announces 2019 401(k) contribution limits, other fringe benefit limitations appeared first on Business Management Daily. The amount employees can contribution into their 401(k) or 403(b) plan accounts increases by $500, to $19,000 for 2019, the IRS announced.

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PeopleKeep

AUGUST 3, 2022

As an employer, you know that benefits and compensation can come in various forms—and in today’s tight labor market, offering a variety of different benefits is essential to recruiting and retaining employees. Learn more about the advantages of fringe benefits in our complete guide.

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PeopleKeep

AUGUST 10, 2022

While it’s tempting for small and midsize employers to cut corners on their employee benefits to save on costs, a quality and personalized benefits package is necessary to set your organization apart from others. See what fringe benefits you can offer in your benefits package for open enrollment in our complete guide.

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Zenefits

AUGUST 8, 2018

When the market for talent shrinks, many employers review their benefits and perks in an effort to attract talent. The range of benefits companies offer can be vast – from basics like sick and vacation pay, to more specialized like health and wellness coverage. The Meaning of Fringe Benefits. Examples of fringe benefits.

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