The practice of providing busy worker with on-site meals and snacks to keep them fueled up and close to their computers may be in jeopardy.
The free meals for employees deal is generally associated with Silicon Valley firms like Google that serve up thousands of such meals annually in company cafeterias and break rooms. The IRS has taken a hands-off position on the practice, to date not including it as a taxable perk.
But it's been making noises about re-examining its position. In late July, its signal that it might reassess its position got stronger when it mentioned on-site employee meals in its annual Priority Guidance Plan as one matter it would spend more time pondering.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
