Employee Benefits

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Providing a company car? Here’s how taxes are handled

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax...

Lost your job? Here are the tax aspects of an employee termination.

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are...

Numerous tax limits affecting businesses have increased for 2022

Many tax limits that affect businesses are annually indexed for inflation, and several of them have increased for 2022. Here’s a rundown...

Would you like to establish a Health Savings Account for your small business?

With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an...

New per diem business travel rates became effective on October 1

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022...

Is a Health Savings Account right for you?

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health...

The IRS has announced 2022 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs...

Providing education assistance to employees? Follow these rules

Many businesses provide education fringe benefits so their employees can improve their skills and gain additional knowledge. An employee...