There is no such thing as a free lunch (Or is there? Read to the bottom to get one...) In France, it's common for employers to offer meal vouchers, known as "Ticket Restaurant," to their employees. These vouchers help cover lunch costs and are subsidised by employers, who pay between 50% and 60% of the voucher's value. The employee covers the rest through a salary deduction. Typically, the value of a voucher is around €11 to €13, and they can be used in restaurants, supermarkets, bakeries, or even for takeaway meals. This scheme was introduced to promote proper meals during the workday and is exempt from social contributions, making it a win for both employers and employees. So, my question is... What’s the number one work perk or benefit you’d love to see introduced universally in the UK? Drop a comment below, and this time next week I’ll pick one at random to receive a £20 takeaway voucher! Looking forward to your ideas! #EmployeeBenefits #LunchVouchers #Giveaway
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Tips. Gratuities. Service charges. All designed, in theory, to reward a person providing a commendable level of service, typically front of house restaurant staff. Some employers have historically 'withheld' tips from their staff and used them to fund the business instead. The question of whether employers should pay a decent living wage to begin with, so that tips become a convenient amount of extra money instead of an essential component of meeting living expenses, is for another day. In the UK, the Employment (Allocation of Tips) Act 2023 received Royal Assent on 2 May 2023 and is scheduled to come into force during 2024. Under this legislation, employers will be banned entirely from withholding tips from their employees. This is expected to result in staff earning an estimated £200 million extra a year, a non-negligeable contribution to the cost of living. How are businesses reacting to this? By changing the definition of tips, predictably. The Ping Pong chain of dim sum restaurants has begun adding a 15% 'discretionary brand charge' to its bills. The restaurant's website defines this as follows: 'A discretionary management fee of 15% is added to your bill. This fee covers the costs associated with managing and supporting the restaurants, as well as maintaining the brand experience to our company standards.' In other words, they are angling for a cheeky 15% price rise and making it abundantly clear that none of this extra money is going to the staff. It will be interesting to see how the new legislation deals with this type of scummy behaviour. #Tips #Service #CustomerService
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𝗬𝗼𝘂𝗿 𝗦𝘁𝗮𝗿𝗯𝘂𝗰𝗸𝘀 𝗣𝗦𝗟 𝗽𝗿𝗼𝗯𝗮𝗯𝗹𝘆 𝗶𝘀𝗻'𝘁 𝗱𝗲𝗱𝘂𝗰𝘁𝗶𝗯𝗹𝗲 Many business owners are led to believe that ANY meal consumed during the workday is considered fully tax deductible. ➡️ Grab some Chipotle before you head to a meeting ➡️ Pick up some coffee before you kick off the workday ➡️ Buy a few snacks as you head across town for a meeting Unfortunately, this isn't the case. Here are the most common scenarios when you CAN deduct your meals: • Entertainment: 0% deductible • Carry-in meals: 50% deductible • Dining with staff to discuss work: 50% deductible • Dining with a prospect or client: 50% deductible • Dining when traveling (overnight only): 50% deductible • Company-wide events: 100% deductible So as much as I would love to get a tax deduction for an $8 nitro coffee, unfortunately, there are few cases where this is allowed.
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
Video Tips: Business Meal Deductions - How Do They Work?
fishertaxsolution.com
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
Video Tips: Business Meal Deductions - How Do They Work?
reeds-tax-service.com
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
Video Tips: Business Meal Deductions - How Do They Work?
emcfinancialonline.com
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
Video Tips: Business Meal Deductions - How Do They Work?
emcfinancialonline.com
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
Video Tips: Business Meal Deductions - How Do They Work?
sandiegotaxservice.com
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
Video Tips: Business Meal Deductions - How Do They Work?
vsaaccountingservices.com
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Watch this video for a quick overview of how business owners can take advantage of business meal deductions.
Video Tips: Business Meal Deductions - How Do They Work?
cjbusinessservices.com
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Prince2 Certified Project Manager
3moHaving seen companies that offer a "personal wellbeing" benefit, I think this is one everyone could benefit from. Happier and healthier employees will naturally perform better and will surely enhance employee retention!!