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fringe benefit
(redirected from Employee benefit)

   Also found in: Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.06 sec.

fringe benefit

Perk given to employees in addition to their wage or salary. Fringe benefits include company cars, health insurance, pensions, subsidized lunches, favourable loan facilities, or other kinds of rewards. Fringe benefits are usually taxable on the value of the benefit. However, companies may often try to keep ahead of the revenue authorities by devising innovative benefits not covered by existing tax legislation.



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Employee Benefit Plans: 2006/2007 Audit and Accounting Risk Update and Alert (No.
The AICPA Employee Benefit Plan Audit Quality Center has issued a tool to assist plan sponsors and others in hiring auditors for their employee benefit plans.
The Institute and the Department of Labor's Employee Benefit Security Administration (EBSA) are conducting seminars with state CPA societies for small business clients on how to establish and administer pension, health and other employee benefit plans.
 
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