Within many business components of business activity may include a personal benefit.  When these benefits are more than deminims, specialized reporting and tax treatment is generally warranted.  In these cases, the IRS regards fringe benefits as a form of compensation.

Some examples of fringe benefits are:

• Company paid group health and dental premiums for certain self-employed individuals
• Certain non-qualified and non-cafeteria plan expenses
• Company paid disability insurance premiums
• Daycare expenses directly or indirectly provided by an employer
• Personal use of a company car

In this issue, we'll help you navigate reporting requirements and methods for some of the more common fringe benefit most businesses face

K2N Advisors & CPAs , where we “Add Knowledge to Numbers”.

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OSGroup (Windham, NH) seeking professionals w/ 3+ yrs direct CPA Firm competencies seeking professional life balance and growth.

David Kiley was recently named to be in the Class of 2020 for Leadership New Hampshire.  He will begin a unique ten month educational journey this fall with the goal of joining over 900 alumni leaders making remarkable differences throughout our state.

Our new website is finally up.