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Message: From GoLocalWorcester by Rob Calise, GoLocalWorcester Business/Health Expert: While it’s clear that employee pay is taxable, many employers aren’t aware that other benefits they provide worker are, too. Called fringe benefits, perks like use of a company vehicle to commute to work, season tickets to a sporting event or membership in a private country club are considered a form of pay for the performance of services that are subject to employment taxes and must be reported on Form W-2. (Note that de minimis fringe benefits, the value of which are so small as to make their accounting unreasonable, are not included in gross income.) http://www.golocalworcester.com/business/smart-benefits-beware-the-taxable-fringe-benefit
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