Proposed Tax Reforms Could Crumble Your Company’s Free Snack Perk
WASHINGTON — Companies that offer complimentary snacks and beverages to employees may soon find themselves caught in the crosshairs of tax regulations. The proposed changes in tax law could impose new taxes on these perks, raising concerns among businesses aiming to enhance workplace satisfaction. Federal lawmakers are now scrutinizing how such employee benefits, historically viewed as a normal part of company culture, fit into the scope of taxable income. Currently, many organizations provide snacks and drinks with the understanding that these items are tax-exempt, designed to foster camaraderie and wellness among staff. However, as government … Read more