Maximizing Your Tax Advantage: The Fringe Benefits Route in 2024-25 2 Credits
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Cash payments to employees, whether salary, bonus, or commission, are generally straightforward. Salary is typically calculated per hour, month, or year.
In this CE course, we will explore how these payments have broader financial implications—triggering a business deduction for the employer, generating taxable income for the employee, and contributing revenue to the Treasury. Alongside federal, state, and local income taxes, employers and employees bear the burden of employment taxes like FICA, FUTA, and SUTA.
Generally, Fringe benefits may be statutory (i.e., a code section designation) or incidental (i.e., listed within a code section as a group). Some benefits are excludable, others are partially includable, and others are deferred (i.e., retirement benefits).
Key topics covered:
Join this CE Course, it will discuss many of these fringe benefits, illustrate their benefits, discuss the challenges of small businesses adopting these benefits, and discuss their reporting.
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Dr. Curatola is the Joseph F. Ford Professor of Accounting at Drexel University in Philadelphia. He is the Tax Column Editor for Strategic Finance since 1992. He has served as the editor of the Journal of Legal Tax Research and currently serves on the editorial review board of several journals, and has held a variety of leadership positions, including current national service with the Institute of Management Accountants. He has published over 250 articles in journals including Journal of Financial Services Professionals, Journal of the American Taxation Association, Journal of Forensic & Investigative Accounting, Oil, Gas, & Energy Quarterly, and Tax Notes to name a few. Dr. Curatola was a co-editor on IRA Answer Book by Wolters Kluwer and author of the EA Review course for Surgent Publishers. Dr. Curatola externally funded research findings have appeared in media such as Forbes Magazine, The Washington Post, The Wall Street Journal, The New York Times, and other media outlets.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
RK
Professor Curatola is an excellent presenter, being a subject matters expert. This course is perfectly organized in the handout and well presented. I have taken some of his courses in the past, have the same positive comments, and would definitely take any future courses he may teach. Excellent!!
Mr. Curatola presented a thorough, systemic, clear presentation of qualified and unqualified benefits for employees and gig workers (independent contractors). Great presentation made the seminar a great refresher!
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