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What Are fringe benefits? Options, taxability, and other considerations.

Business Management Daily

Social security and workers’ comp, for example, aren’t usually bonus options and so are not considered fringe benefits. Basically, the IRS considers de minimis benefits on par with small bonuses. These are small perks or gifts from employers that are so minor in value that it would be impractical to track them for tax purposes.

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

Group life insurance premiums provided to employees over $50,000. Employee discounts. Employee stock options. Retirement planning services. Now that we know how to determine a taxable benefit let's find which benefits are considered taxable and which are not. Which Benefits Are Considered Taxable?

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The A to Z Explanation About Phantom Stocks

Vantage Circle

A phantom stock, also known as “shadow stock” or “ghost shares”, gives employees the opportunity to share in the wealth and success of the company. Companies do this by providing employees with a stake in the company's stock as well as a retirement plan to ensure they have enough money later on in life.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated. This can include employee of the month programs, bonuses, or other forms of recognition.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Such platform consist of specific benefits administration software designed for managing and administering employee benefits programs. Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more.