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Benefits and perks beyond salary or wages can be valuable for enhancing employee satisfaction but the IRS has strict guidelines on their taxation—and a strict January 31 deadline for reporting them on employees’ W-2 forms. One area of concern is the question of which fringe benefits must be reported as income. Some are frequently misreported, leading to avoidable compliance risks and potential penalties.

Fringe Benefit Fundamentals

As a general rule, fringe benefits are reportable as income unless the Internal Revenue Code specifically excludes them. Some of the best-known exclusions include employee accident and health benefits, group term life insurance, and…

Join us in welcoming Ashley Dunn to our team. Ashley comes on board as a Staff Accountant.

Asley recently graduated from The Ohio State University with my degree in Business Administration and a specialization in Accounting. She says her favorite part of the accounting industry is that there is always something new to learn every single day. There will always be new information to grow your knowledge on in the accounting world.

In her free time, Ashley loves to watch football, hang out with family and friends, and spend time near the pool or at the beach.

Welcome, Ashley!

Join us in welcoming Kathryn Craley to the Holbrook & Manter team! Kathryn comes on board as a Staff Accountant. She has 10+ years of accounting and business experience.

Kathryn says her favorite part about working in the accounting industry is seeing the growth of a business and being able to make an impact.

In her spare time, she enjoys spending time with her family and traveling. She shares that they like to take weekend trips to explore new places. She also enjoys going to community events and book club.

Welcome, Kathryn!