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Recruit Better: Employee Discount Programs and Taxes

HR Bartender

Today’s reader question deals with that: I am trying to find out if employee discount programs that companies sign up for (to offer their employees discounts) have tax consequences for the employee and/or company when the discounts are redeemed. From a payroll perspective, are benefits, perks, and employee discount programs taxed differently?

Taxes 152
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Ten Benefits of Self-Employment in Later Life

Money Talk

Net business earnings can pay living expenses or provide cash for “extras” such as travel and entertainment and home upgrades. Tax Write Off for Health Insurance - On line 17 of Schedule 2, self-employed workers can take an “above the line” deduction for health insurance, which lowers their AGI.

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2022 Personal Finance Year in Review

Money Talk

Taxes - The average income tax refund in 2022 was $3,039, but some families with advanced child tax credits faced tax payments. Some states held sales tax holidays in response to high inflation. Many home buyers backed out of deals or coped with lock-in fees and higher down payments.

Finance 244
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RMDs: The Mandatory “Flipped Switch”

Money Talk

They must begin starting at age 72, unless taxpayers want to pay a hefty 50% tax penalty. In conversations with older adults at classes that I teach, many tell me that RMDs are affecting their income taxes in a big way. Withdrawals made at any age are taxed as ordinary income.

401(k) 186
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Wrapbook

HR Lineup

Wrapbook is an innovative online platform that revolutionizes the traditional process of payroll services in the entertainment industry. One of the key strengths of Wrapbook is its ability to handle complex payroll calculations and compliance requirements specific to the entertainment industry.

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5 business payment myths to leave behind in 2024

WEX Inc.

Myth 2: Corporate credit cards are only for travel and entertainment Corporate credit cards have traditionally been associated with covering employee travel and entertainment expenses. It is not legal, tax or investment advice. However, their use reaches far beyond that.

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Soaring Santa demand means sackfuls of cash for festive entertainers

Employee Benefits

Something for the weekend: Santas little helpers can name their price this year, as US-based holiday entertainer hiring website HireSanta.com has revealed it is overwhelmed with tree-mendously high demand. The post Soaring Santa demand means sackfuls of cash for festive entertainers appeared first on Employee Benefits.