Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: spongebrain One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: S-corp employee perks as legit expense? Date: 1/4/2001 4:01 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Is there such a concept of employee perks/gifts as a legitimate expense? ie: costs to retain and arttract employees...

(akin to a foosball table or BMW lease for emloyees of dot com startups..I'm sure the startups deducted these expenses from their revenues)

eg: A vacation trip paid for by the s-corp, for the sole w2 employee. I asked this a few weeks back, but got no response. One would think this is a valauble tax break, if it exists..
Print the post Back To Top
Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 43921 of 118626
Subject: Re: S-corp employee perks as legit expense? Date: 1/4/2001 4:59 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Is there such a concept of employee perks/gifts as a legitimate expense? ie: costs to retain and arttract employees...

If you control an S Corp, you really need an accountant, and that's to whom you should address this question.

TMF ExRO
Phil Marti

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement