Qualified Benefits

Benefits provided to employees that pass Congressional tests (often via the Internal Revenue Code) may receive exclusionary status for certain employer mandated taxes.

Bookkeeping – Employee Benefits (Lesson 88)

There are a multitude of employee benefits employers provide to their employees.  This series covers several groups of benefits and explains the legal and accounting issues related to them.  This particular lesson introduces the concepts behind employee benefits and the basic accounting process.   In addition, I’ll explain the tax consequences and the corresponding payroll process …

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