When you or your employees have to work late, it’s a real morale buster.
But you can provide a big morale booster… and grab yourself a nice tax deduction if you know the law.
You see, the IRS offers a 100% deduction when you provide a qualifying “supper money” meal-allowance to those dedicated employees who work overtime. (I know that not everyone calls it “supper” any more… but the IRS does.)
This meal-allowance fringe benefit is a great deal for your employees and for you as you’ll discover when you read my new article titled Tax Tips: Reward Yourself and Your Employees with Tax-Free Supper Money!
Three ways our fact-filled article can help you:
- We’ll tell you the four rules you have to follow. IRS regulations allow you to offer supper money as an excludable fringe benefit. But to qualify for your 100% tax deduction, you have to satisfy four specific conditions which we’ll explain when you read the full article.
- You’ll learn why there’s supper money for you too! Good news! You can take advantage of this benefit yourself… even as a sole proprietor! You also qualify for supper money if you operate your business as a corporation or a partnership. You’ll get the whole story when you read the full article.
- We’ll explain why it’s okay to “discriminate.” There are no discrimination rules when it comes to supper money. Which means you can offer the supper-money benefit to any of your employees. EXAMPLE: You can offer supper money just to company officers… not to the rank and file. It’s all up to you as you’ll learn when you read the full article.