De Minimis Fringe Benefit Exclusion – Paul Gaulkin CPA

De minimis fringe benefits occur when the value of the property or service provided to an employee is so minimal that the accounting to record it would be unreasonable. Examples of de minimis fridge benefits include: 1. Having a secretary type a personal letter for an employee 2. Occasional personal use of the company copy machine 3. Occasional parties or picnics for employees 4. Traditional holiday gifts that have a small fair market value 5. Tickets given out for entertainment … Read more