It's that time of year again! Thinking of gifting to your employees this holiday season? 🎁 💰Friendly Reminder💰 Cash gifts are considered additional wages subject to tax & withholding, while non-cash gifts may qualify as a de minimis fringe benefit. FACT: De minimis fringe benefits are tax free to the employee and deductible by employers. Need to consult with one of our accounting pros to avoid overlooking tax implications while spreading holiday cheer? 📭 We're only a short DM away! 📭 #TaxTips #HolidayGifts #Accounting
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As we say goodbye to 2025, we take a look at what Christmas gifts businesses can give to employees (tax free!); how to go about paying staff early; what scams to watch out for over the holidays; the latest on Farmers Inheritance tax; and the latest fuel rates for company cars. https://lnkd.in/eha9yHVv
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Now that the 100% meal deduction has ended, are you familiar with the 50% limit rules? Here are some exceptions to the 50% limit rule: - Meals provided to employees as compensation, such as rewarding a top performer with an all-expenses-paid vacation that includes meals. - Meals provided during a business's holiday party for employees. - Meals provided to the general public as a promotional effort for your business. Please note, this is not tax advice. Always consult your CPA for guidance on tax matters.
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Ignoring tax deductions can be a costly mistake for employees. Many workers are unaware of the deductions they can claim, leading to significant losses each tax season. From home office expenses to professional development costs, these overlooked deductions can add up quickly. Employers can help their teams maximize savings, improve financial wellness, and boost job satisfaction by providing education on available tax benefits. Don’t wait—help your employees claim their tax deductions and stay ahead of the curve with Sperton’s tailored solutions. #TaxDeductions #EmployeeSavings #FinancialWellness #TaxEducation #HRSupport
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Ignoring tax deductions can be a costly mistake for employees. Many workers are unaware of the deductions they can claim, leading to significant losses each tax season. From home office expenses to professional development costs, these overlooked deductions can add up quickly. Employers can help their teams maximize savings, improve financial wellness, and boost job satisfaction by providing education on available tax benefits. Don’t wait—help your employees claim their tax deductions and stay ahead of the curve with Sperton’s tailored solutions. #TaxDeductions #EmployeeSavings #FinancialWellness #TaxEducation #HRSupport
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Ignoring tax deductions can be a costly mistake for employees. Many workers are unaware of the deductions they can claim, leading to significant losses each tax season. From home office expenses to professional development costs, these overlooked deductions can add up quickly. Employers can help their teams maximize savings, improve financial wellness, and boost job satisfaction by providing education on available tax benefits. Don’t wait—help your employees claim their tax deductions and stay ahead of the curve with Sperton’s tailored solutions. #TaxDeductions #EmployeeSavings #FinancialWellness #TaxEducation #HRSupport
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Ignoring tax deductions can be a costly mistake for employees. Many workers are unaware of the deductions they can claim, leading to significant losses each tax season. From home office expenses to professional development costs, these overlooked deductions can add up quickly. Employers can help their teams maximize savings, improve financial wellness, and boost job satisfaction by providing education on available tax benefits. Don’t wait—help your employees claim their tax deductions and stay ahead of the curve with Sperton’s tailored solutions. #TaxDeductions #EmployeeSavings #FinancialWellness #TaxEducation #HRSupport
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Ignoring tax deductions can be a costly mistake for employees. Many workers are unaware of the deductions they can claim, leading to significant losses each tax season. From home office expenses to professional development costs, these overlooked deductions can add up quickly. Employers can help their teams maximize savings, improve financial wellness, and boost job satisfaction by providing education on available tax benefits. Don’t wait—help your employees claim their tax deductions and stay ahead of the curve with Sperton’s tailored solutions. #TaxDeductions #EmployeeSavings #FinancialWellness #TaxEducation #HRSupport
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For most people, payroll taxes are an automatic line on their paychecks and are paid by their employer. However, for those self-employed, Tax Smith Tax Attorneys can help make sense of these payments. These taxes help to fund necessary federal programs that protect employees, such as unemployment benefits, social security benefits, and more. Find out how they could impact you. https://lnkd.in/gY_skVpN
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Ignoring tax deductions can be a costly mistake for employees. Many workers are unaware of the deductions they can claim, leading to significant losses each tax season. From home office expenses to professional development costs, these overlooked deductions can add up quickly. Employers can help their teams maximize savings, improve financial wellness, and boost job satisfaction by providing education on available tax benefits. Don’t wait—help your employees claim their tax deductions and stay ahead of the curve with Sperton’s tailored solutions. #TaxDeductions #EmployeeSavings #FinancialWellness #TaxEducation #HRSupport
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Ignoring tax deductions can be a costly mistake for employees. Many workers are unaware of the deductions they can claim, leading to significant losses each tax season. From home office expenses to professional development costs, these overlooked deductions can add up quickly. Employers can help their teams maximize savings, improve financial wellness, and boost job satisfaction by providing education on available tax benefits. Don’t wait—help your employees claim their tax deductions and stay ahead of the curve with Sperton’s tailored solutions. #TaxDeductions #EmployeeSavings #FinancialWellness #TaxEducation #HRSupport
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