Fringe benefits may be available to everyone in the company or may be used as incentives for meeting certain goals. They may be paid or given in the form of an achievement award. They are always considered compensation for services beyond employees’ normal rates of...
Taxes
What’s the Safe Harbor Deadline to Maximize Employer Retirement Benefits for 401(k) Plan?
The clock is ticking for small businesses considering a Safe Harbor 401(k) plan. But there’s still time to start in 2024. If you’re considering enhancing your company’s retirement benefits, a Safe Harbor 401(k) plan is an excellent option. These plans offer a range of...
IRS help available to recent hurricane victims; May 1 deadline now applies to individuals and businesses
WASHINGTON — In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service reassured hurricane victims that it stands ready to provide the tax-related assistance they need to recover from these...