If you’re confused by fringe benefits taxation, you’re not alone. Just last year the IRS imposed $6,848,308 in civil penalties for non-compliance of the proper payment and reporting of employment taxes, including those from fringe benefits.
Are you 100% certain that you are properly taxing fringe benefits for your organization?
We Keep our Clients Compliant with IRS Regulations
Ascentis Payroll makes it easy to handle IRS reporting guidelines for exempt fringe benefits like health benefits and group term life insurance at year-end. Not only that, Ascentis Payroll can also be set up to easily calculate other taxable fringe benefits throughout the year, such as excessive mileage reimbursements, awards and prizes, working conditions fringe benefits, and more. Download our free guide to taxing fringe benefits today, so you know exactly what you need to do to be in IRS compliance.