Underwriting employees’ educational expenses tax-free
BMT Office Administration
NOVEMBER 4, 2022
The same thing applies if, say, you want to underwrite flying lessons for an attorney who needs to travel long distances. Refresher courses, seminars, continuing education courses. But this approach has many steps and pitfalls, so it’s advisable to get some legal and tax advice. The $200 is a taxable bonus. And now the taxes.
Let's personalize your content