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… Continue Reading
Cafeteria Plans. Beginning in 2015, the dollar limitation on employee salary reductions for contributions to health flexible spending arrangements is $2,550. Qualified Transportation Fringe Benefit. Beginning in 2015, the monthly limitation regarding the amount for transportation in a commuter highway vehicle and any transit pass is $130. The monthly limitation regarding qualified parking is $250.