A much-hated tax on not-for-profit organizations is on the way out. At the end of 2019, Congress repealed a provision of 2017’s Tax Cuts and Jobs Act (TCJA), which triggered the unrelated business income tax (UBIT) of 21% on not-for-profit employers that provide employees with transportation fringe benefits.

a red monorail train speeding overhead people walking through a transportation terminal; image used for UBIT transportation fringe benefits blog post

Unequipped to handle the additional administrative burdens and compliance costs, thousands of not-for-profits had complained — and legislators apparently listened.


Continue Reading Repealed: UBIT on Transportation Fringe Benefits

Following our July 16th employee benefit plan seminar, PKF Texas hosted “Employee Health & Wellness: Using Data Analytics to Improve Employee Engagement, Productivity and Reduce Costs.” Audit Senior Manager, Kristin Ryan, CPA, moderated the panel, which included:

  • Rabih Suki, Founder, CEO and CSO, DHS Group, and
  • Lara Bunn, National Population Health Management Operations Leader, USI


Continue Reading Recap: Employee Health & Wellness Seminar with DHS Group and USI

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options.

Insurance
Businesses can provide their employees with various types of insurance