Federal Income Taxation of Key Employee Fringe Benefits After the Tax Cuts and Jobs Act is brought to you by Lorman
Understand the important changes under the Tax Cuts and Jobs Act and the latest regulations.
While competitive salaries often attract top employees to join an employer, employers often provide competitive and attractive prizes, bonuses, awards, and other benefits to boost their employees’ morale and reward employees for going the extra mile. However, employers must be aware of federal tax laws when providing these benefits, or else employers may find that these benefits are more expensive than they originally thought. This topic will help you learn the different ways that employees may be rewarded for exceptional performance without incurring additional tax expense or at least avoiding penalties. Review reporting and withholding requirements that ensure that employers fully comply with their federal tax obligations. This topic will also keep you abreast of important changes in this area under the Tax Cuts and Jobs Act and update you on the latest regulations.