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Six fringe benefits you can give your employees completely TAX-FREE

by , 27 August 2014
Fringe benefits are one of those things some employers swear by them while, others swear because of them.

This is because of the tax that comes with fringe benefits. The fact that employees only pay tiny amounts of tax on expensive benefits makes employers feel like the good guys that help their employees out. But other employers just hate working out and withholding the tax.

Today, we're here to please both sides of this fringe benefit argument by revealing the six tax-free benefits you can give your employees...

 

Give your employees these six benefits - and don't worry about the tax

 
The rule to remember when it comes to tax-free benefits is if they're purely for a business purpose, your employee won't pay tax on them.
 
So here are six of these tax free benefits:
 
Benefit #1: You can pay your employees medical tax-free if these four exceptions apply.
 
Benefit #2: You can give your employee tax-free food in these situations.
 
Benefit #3: You can give your employees these three assets, tax-free.
 
Benefit # 4: If your employee's company car use meets these four requirements, it's tax-free.
 
Benefit #5: Here's when you can give your employees rent-free and tax-free accommodation.
 
Benefit #6: You can give your employees the use of these three travel-facilities tax-free.
 
And there are even more benefits you can give your employees. Find out all the details in the Practical Tax Loose Leaf Service. And if you have any question about giving your employees taxable or tax-free fringe benefits just ask the experts at Accounting and Tax Club.

 


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