In recent years, fringe benefits have become an important part of employee compensation packages. From health insurance to gym memberships, these additional benefits can significantly enhance an employee’s overall experience and satisfaction in the workplace. However, understanding the tax implications of fringe benefits is essential for both employers and employees alike. In this guide, we’ll Read more…
In today’s uncertain economic landscape, employee benefits have become an essential part of compensation packages. A good benefits package can set an organization apart from others when trying to attract and retain top talent. Health and wellness benefits are exceptionally common offerings as companies understand the value of fostering a healthy and thriving workplace. Alongside Read more…
Are you interested in using pre-tax dollars to cover your healthcare expenses? If so, a Health Savings Account could be the answer. A Health Savings Account is a type of employee benefit that helps you save money on eligible health care expenses. It is commonly offered as an employee fringe benefit. When used effectively, this Read more…
In 1978, an unlikely combination of tax reform legislation and a desire to save on medical costs gave rise to the Flexible Spending Account (FSA), a key employee fringe benefit still commonly used today. For most individuals with employer-funded health plans, a flexible spending account is a flexible spending arrangement where employees enjoy pre-tax savings Read more…
Employee benefits are an integral part of today’s workforce and an important factor in attracting and retaining talent. Common employee benefits differ from industry to industry and new types of benefits are being created each year to win top talent. What are employee benefits? Employee benefit is a type of compensation that is supplementary to Read more…
