It was an officially recognized practice beginning in 1943 during the War effort. Companies were finding it difficult to attract enough workers because of the limitations on wages imposed on them by the government. The companies began offering to pay health insurance expenses for their employees as a way to attract more employees since they couldn't increase their wages. In 1943 the IRS recognized this. In 1954 Congress codified this practice into the tax code. Portions of contributions that may be more more of a discussion or opinion in nature have been moved to the discussion page.
Assets become expenses when their economic benefits expire.
so all costs become expenses? explain it
no, it is not necessary
When they became a ordinary and necessary expense of the business operation.
For lack of the ability to do anything better. Been there done that.
In order to qualify for a HSA in the United States, a person interesting must be a part of a health plan with a high deductible, which is health insurance coverage that does not cover members until they meet their costly deductible.
Assets become expenses when their economic benefits expire.
so all costs become expenses? explain it
Fidelity Bond Insurance protects businesses against employee fraud. It also allows high risk employees to become employed by protecting the employer.
When does a cost become an expense
The point of having pet insurance is to be able to provide care for one's pet, without exorbitant costs, should it become ill. Many plans will reimburse for expenses, except for some exclusions. Contact the insurance provider for more information on what the exclusions may be.
Pediatric employee expenses are expenses that you have to pay when you become a pediatrician.
no, it is not necessary
In a word, yes. Assessments are the only income for an association, so that it can pay its bills that include insurance, utilities, and operational expenses. When owners don't pay their assessments, other owners become responsible for paying the expenses of the community.
You can become a business insurance agent by studying insurance in college or business in college. In addition, you can become a business insurance agent by applying for an insurance company.
Most businesses do not. That has not become as important to businesses.
When they became a ordinary and necessary expense of the business operation.