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Tax and employee benefits
What to expect when providing staff with perks.
Most employers choose to recognise the ongoing commitment made by their members of staff by providing various benefits and rewards.
Whether that’s in the form of the Christmas party or it extends to benefits such as a cash bonus or flexitime, it all helps to ensure employees feel valued and motivated.
82% of workers feel motivated after receiving some form of recognition from their employers, according to research by the Rewards and Employee Benefits Association.
While that’s all good and well when it comes to looking after your staff, you also need to consider the tax implications of offering attractive employee benefits
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