|Charles Wilson, LLC | 307 S. Friendswood Dr, Ste B-2 | Friendswood, TX 77546 | 281-993-4530 | firstname.lastname@example.org|
Tax Reform Brings Changes to Fringe Benefits That Can Affect an Employer's Bottom Line
want to remind employers that several programs have been
affected as a result of the Tax Cuts and Jobs Act passed last
Here is information about some of these changes that will
The meals may be provided to a current or potential business
customer, client, consultant or similar business contact. Food
and beverages that are purchased or consumed during
entertainment events will not be considered entertainment if
either of these apply:
The new tax law suspends the exclusion of qualified bicycle commuting reimbursements from an employee's income.
This means that employers must now include these
reimbursements in the employee's wages.
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As always you can call our offices if you have any questions about these or any other accounting, tax, financial planning or Quickbooks related issues, at 281-993-4530.
Regards, Charles S. Wilson, CPA/CFF, CGMA, CBEC
Certified Public Accountant
Certified Business Exit Consultant
Charles S. Wilson, CPA/CFF, CGMA |
Charles Wilson, LLC | 307 S. Friendswood Dr, Ste B-2