NoCo CPAs
  • Facebook
  • Linkedin
  • RSS

4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686

  • Business Accounting
    • Bookkeeping and Payroll
  • Tax Prep and Planning
  • Blog
  • About Us
    • How We Work
    • Switching CPAs
    • Jokes
  • Client Upload
  • Pay Online
  • Contact Us

Turkey Day Tax Trivia

Posted on November 24, 2010 by Leasa Magnuson in Business Tax

The IRS has determined that employee benefits that are small and unreasonable or administratively impractical to account for are De Minimis Fringe Benefits. Examples are coffee & donuts, flowers, occasional typing of personal letters by a secretary and a turkey! So go ahead and give your employees a turkey for Thanksgiving! You won’t need to include it in their W-2 and they will think of you tomorrow as they eat their bird.

Enjoy your holiday from all of us at SMS CPAs!

De Minimis Fringe Benefits

One comment on “Turkey Day Tax Trivia”

  1. Tweets that mention Turkey Day Tax Trivia | Spangler, Magnuson & Signorelli CPAs -- Topsy.com says:
    November 24, 2010 at 10:26 am

    […] This post was mentioned on Twitter by Jody Padar , Leasa Magnuson. Leasa Magnuson said: New blog post: Turkey Day Tax Trivia http://www.nococpas.com/blog/2010/11/turkey-day-tax-trivia/ […]

Recent Posts

  • Repair Regulations Part I

    June 11, 2014
  • How to Know if You Need to Make Estimated Tax Payments

    March 20, 2013
  • Tax Implications of Bartering

    March 8, 2013

Testimonials

I've been using Leasa's accounting services for the past three years for my small business. She is friendly, honest, helpful, very knowledgeable and reasonable in fees. Leasa is always timely in completing the filings. I've been disappointed with some CPA's in the past regarding exorbitant charges, dishonest hourly billing and bad tax advice. Not so with Leasa. I trust her completely and I highly recommend her services.

A.E.

© 2018 NoCo CPAs - Web Design By WTF Marketing

4025 Automation Way #D1 (Map), Fort Collins, CO 80525 - Phone: 970-226-4686