Are Cafeteria plans subject to FICA, ERISA or FUTA?

July 8, 2024 No Comments

A: Cafeteria plans are employer-sponsored benefit plans that provide both taxable and nontaxable, or qualified, benefit options for employees. Cafeteria plan benefits, therefore, may be subject to Federal Insurance Contributions Act (FICA) and Federal Unemployment Tax Act (FUTA) taxes. If a plan participant chooses the

Are Cafeteria plans subject to FICA, ERISA or FUTA?

June 30, 2024 No Comments

Are Cafeteria plans subject to FICA, ERISA or FUTA?

July 7, 2024 No Comments

Are fringe benefits deductible for the employer?

July 8, 2024 No Comments

A: A fringe benefit is any non-wage form of compensation and is usually offered by an employer as both an employee incentive and a way to reduce taxes. In fact, many fringe benefits are tax-advantageous to both the employer and the employee. There are limits

Are fringe benefits deductible for the employer?

June 30, 2024 No Comments

Are fringe benefits deductible for the employer?

July 7, 2024 No Comments

Are fringe benefits direct or indirect costs?

July 8, 2024 No Comments

A: Almost any non-salary benefit provided by an employer to an employee is considered a “fringe” benefit. These benefits can include insurance, a company car, or employee discount, etc. While there are some exceptions, fringe benefits are usually a direct cost to the business in

Are fringe benefits direct or indirect costs?

June 30, 2024 No Comments

Are fringe benefits direct or indirect costs?

July 7, 2024 No Comments

Are there any continuing education requirements after I pass the Series 7 examination?

July 8, 2024 No Comments

A: Yes, there are continuing education requirements after you pass the Series 7 exam. According to the Securities Industry/Regulatory Council on Continuing Education (CEC), there are two parts to the CE requirement: the regulatory element and the firm element. The Firm Element of Continuing Education

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