article thumbnail

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. This tax only applies to the employee, not the employer. Consult an accountant as necessary. Some benefits are legally required to be provided to employees, but that may change in the near future.

Taxes 52
article thumbnail

Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP).

401(k) 52