8226; Review what special fringe benefits
that the IRS consider non-taxable benefits
C corporation stockholders who are also employees generally are entitled to the same tax-free fringe benefits
as other employees.
Employer payments or reimbursements for job-related educational expenses also can be excluded from the employee's income as a working condition fringe benefit
The Act was amended in 1964 to include a fringe benefit
calculation in the prevailing wage determination.
Below-market loans to employees and shareholders were a significant tax-free nonstatutory fringe benefit
that produced no imputed income to the borrower.
3) However, the inequality of fringe benefits
at the level of the individual workers can be analyzed by focusing on the coverage rate of health insurance and pensions without knowing the monetary value of them due to data availability.
It would be a mistake to assume that attitudes to fringe benefits
or welfare ran constant through time or by issue.
The "provider" of a fringe benefit
is the person for whom services are performed, regardless of whether that person actually provides the fringe benefit
to the recipient.
Similarly, given that the fringe benefit
variable is used as a proportion of total remunerations, it is not surprising that FBs variable in the employment equation comes out insignificant.
Other than common elements of a single fee schedule, flow of at least 75 percent of business through the group, a standard fringe benefits
plan, central payables and payroll system, and risk sharing on managed care, physicians in a GPWW may operate their practices quite autonomously.
It is very common for employees, regardless of their position within a company, to not fully understand the scope of their corporate fringe benefit
They have an hourly workforce, little time to focus on HR and administration issues, and this program gives their employees better access to the fringe benefit
being taken out of their paychecks," said Adam Bonsky, executive vice president of government markets for Fringe Benefit
com released the new version of ezPaycheck software and makes it even easier to handle fringe benefits
for small businesses.
RuL 91-26 and IRS Announcement 92-16 partially clarify fringe benefit
treatment but directly address only health and accident insurance premiums.
As part of the acquisition, WageWorks will assume responsibility for Fringe Benefit
Management Company's existing account-based, employee tax favored and benefits continuation business, which includes the administration of healthcare flex and savings accounts, dependent care accounts, transportation benefits and COBRA, primarily for employers in the public sector.