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Did you know: You can give your staff these five services tax-free?

by , 31 July 2014
Are you afraid to give your employees certain perks because you don't want to deal with the tax consequences?

If your answer is 'yes', this article is for you.

Not all perks attract tax.

In fact, there are five services you can give to your staff tax-free.

Read on to find out what they are so you can spoil your employees and never have to worry about the tax consequences.


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Five services you can give to your staff tax-free
 

Experts behind the Practical Tax Loose Leaf Service explain that if you offer the following services, they're tax-free for your staff:
 

Tax-free service #1: You provide a service at work so your employees can perform better (e.g. an advisory service that mentors them in sales technique);
 

Tax-free service #2: You provide a communication service so your employees can use it mainly for the purposes of your business (e.g. you pay for the instant messaging systems that link different divisions and allow the sales team to ask the product managers questions, in real time);
 

Tax-free service #3: You render a service as a benefit so your employees can enjoy it at work (e.g. you hire a massage therapist so your employees can get a lunch-break de-stressing massage!);
 

Tax-free service #4: You render a service for recreational purposes (e.g. if you're a cinema house, you allow staff to watch a movie for their own recreation); and
 

Tax-free service #5: You provide a place of recreation for your employees to use (e.g. the office bar and pool area for after-hours socialising).
 

Here's a useful tip when it comes to services
 

If you want to spoil your employees, ensure the service provider you employ performs the service at your work place. This way no taxable fringe benefit accrues.
 

There you have it: If you give your employees any of these services, you won't have to worry about tax – they're tax-free.
 



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