Lower Your Taxes - BIG TIME! 2023-2024: Small Business Wealth Building and Tax Reduction Secrets from an IRS Insider, 9th Edition

14

Fringe Benefits You Will Love, Part 2

Chapter Overview

•   Understand how to get corporate-provided parking and transit passes, tax-free.

•   Learn how to get company-provided automobiles either tax-free or at a very low cost (such as $1.50 each way).

•   Learn why cafeteria plans can result in thousands of dollars of tax-free fringe benefits and give a host of wonderful benefits.

•   Learn how to get property such as stock tax-free for services rendered.

•   Learn about providing the same top benefit that CEOs of major companies get—incentive stock options.

•   Learn how to provide meals and eating facilities tax-free. Yum, yum.

•   Learn why every business should set up a qualified profit-sharing plan, a SEP, or a SIMPLE IRA and stash ...