Q: My employees sometimes ask my advice about their personal financial affairs. That got me thinking about offering financial counseling from an outside firm as an employee benefit. Can this be offered as a tax-free fringe benefit? C.O., Detroit, Mich.
Employee Benefits Program
A strong employee benefits program – including low-cost employee incentives, employee recognition programs, and employee appreciation programs – can help you improve morale and retention.
We provide employee appreciation day ideas, help you with employee retention strategies and employee benefits management
As the owner or sole proprietor of a small business, you reap most of the rewards. But you also run most, if not all, of the risks. So you might be hesitant to sponsor a qualified retirement plan for yourself and your employees. One reason: Creditors could gain access to your plan assets if the business ever goes under.
If you want to pay the absolute minimum to Uncle Sam, tax planning must be a year-round pursuit. With summer right around the corner, you can cash in on several key tax breaks by springing into action now. If you procrastinate until the end of the year, you'll miss out on valuable deductions and credits for yourself, your business and your family. This special report explains a dozen timely moves you should take before the leaves begin to fall.
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