You may have heard of the term de minimis benefits. As an employee, you’re lucky to receive this because it’s tax-exempt. Meanwhile, employers can consider this as a tax-deductible expense. It would be prudent to keep tabs on all your transactions and official receipts to log them correctly in your bookkeeping and accounting systems. In this way, you… Continue reading Figuring Out De Minimis Benefits and Its P90000 Ceiling
