With a tight labor market caused by a record number of resignations and job openings, employers need to go above and beyond to attract and retain top talent.
Offering competitive Employee benefits packages is a great way to attract and retain your employees, with many employers looking to employee stipends and fringe benefits. But, as with any employee benefit, you need to know how to manage these perks, including understanding their taxability.
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This article will explain tax withholdings for fringe benefits, whether employee stipends are taxable, and how to administer compliant employee perks.
The content in this article is intended for educational purposes only. You should consult with your legal counsel and tax advisers to determine the proper steps for your organization.
This post first appeared on Small Business Employee Benefits And HR, please read the originial post: here
