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What Are Fringe Benefits and Are They Taxable?

HR Digest

Not every company can afford such generous or quirky fringe benefits but making the most of their funds and providing more feasible ones does wonders for the mood at the workplace. 401(k) as a Fringe Benefit The very popular 401(k) is also a fringe benefit as employers can choose to assist employees with their retirement planning.

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Open enrollment checklist for employers

Business Management Daily

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). It’s almost that time of year again!

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What Is an Employee Benefits Consultant and What Do They Do?

Fringe Benefit Analysts

Employee benefits consultants have a vast array of knowledge on all types of perks and benefits, many of which are offered to workers everyday by most companies, including health insurance and life insurance, 401ks and other retirement options.

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

This blog will cover everything you need to know while considering taxable benefits so that you don't get caught off guard when tax time rolls around. What Is A Taxable Benefit? As we know, there are many benefits provided to employees in the form of pay. But some benefits need to be taxed and added to their income.

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How to Handle the Death of an Employee in Your Small Business

Patriot Software

If you pay the wages in the calendar year that the employee died, do not deduct federal income tax. Take care of the deceased’s benefits. Do you offer benefits like health insurance, life insurance, and retirement plans? If so, notify benefit providers after the death of an employee.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

In this article, we’ll look at: The benefits most businesses offer. How much of an employee’s salary is made up of benefits. Common Employee Benefits. Insurance types: Medical, dental, vision, disability, and life insurance plans. How the benefits expenses are shared (or not) is determined by the employer.