Review Your Fringe Benefits to See
What You Might be Missing
business can offer many things as fringe benefits. So it's a
good idea to occasionally review the possibilities to see
whether you might be missing something that could help you
attract and retain the best employees.
Two broad categories that are generally deductible by the
employer and tax-free to employees are:
Working-condition fringe benefits. These are expenses
that, if employees had paid them, they could have deducted on
their personal tax returns. Examples include employer-paid
subscriptions to business periodicals or websites and employer
expenditures for some types of on-the-job training.
De minimis fringe benefits. Included here is any
employer-provided property or service that has a value so
small in relation to the frequency with which it's provided
that accounting for it is "unreasonable or administratively
impracticable," according to the IRS. Some examples of these
items are group meals; occasional coffee, doughnuts or soft
drinks; and permission to make occasional local telephone
Also worth looking into are qualified transportation fringe
benefits. These include covering expenditures (up to
certain limits) related to commuter transportation, such as
mass transit, van pooling, parking and bicycling.
Bear in mind that various rules must be followed to ensure the
tax-advantaged treatment of fringe benefits. And that's where
we come in. Please contact us at 925-634-2344 for help not
only choosing the right offerings for your size and type of
business, but also ensuring that the tax consequences will be
what you expect.
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,