What To Know About Fringe Benefits and Taxes

Fringe Benefits Tax

You can generally deduct the amount you pay your employees for the services they perform. The pay may be in cash, property or services. It may include wages, salaries, bonuses, commissions or other noncash compensation such as vacation allowances and fringe benefits. A fringe benefit is a form of pay for the performance of services … Read more

Are You Worried About Inflation?

Inflation

When inflation is at play, the decline of the value of money and the incline in prices is a combination that impacts everyone. Not even business owners are spared from the stress of an inflationary environment, especially when it comes to today’s post-pandemic world. The COVID-19 outbreak, in combination with new predictions of an upcoming recession, … Read more