HomeHome SearchSearch MenuMenu Our productsOur products

Revealed: Four tax free services you can give your staff

by , 15 October 2013
You already know that before you give your employee a loan or a gold watch for his long service, you have to be aware that these could be taxable fringe benefits. But, did you know there are services you can give to your staff, tax-free? Read on to find out what these are...

While some fringe benefits are taxable, some perks are tax-free, says the Practical Tax Loose Leaf Service.

If you offer your employees the following services, they're tax-free!

Tax-free service #1: If your offer your employees a service to improve their performance, the benefit won't attract tax. For example, an advisory service that mentors them in sales techniques.

Tax-free service #2: Any communication service that your employees use for business purposes is tax free. For example, 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: If you render a service that your employees enjoy at the workplace, it'll be tax free. For example, you hire a massage therapist to come at the office.

Tax-free service #4: If you offer a service for recreational purposes (you allow staff to watch a movie for their own recreation), it won't attract tax.

Well there you have it. Not all benefits are taxable. If you want to spoil your employees with these services or already offer these, ensure the service provider you employ performs the service at your work place. This way no taxable fringe benefit accrues.



Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>