Pre-Tax Benefits

Two Things:
One - I have changed the name of our blog. Slightly. Over the last fourteen months of this blog (fourteen months!) it has changed from just being a resource for the Nonprofit Accounting Boot Camps we are doing to a broader look at the nonprofit finance and administrative world. I think the name should reflect that, but the change should not be too big to confuse people.

As the link above points out we are still doing the boot camps and I am still doing nonprofit accounting presentations around the state and in other states. Check the CAN home page for the latests educational events or click here to sign up for our enewsletter to have all the latest news delivered to your in-box.

Two - A tip of the hat to Kim at California Payroll. Pre-tax transportation benefits! Here in CA we are pushing $4.50 a gallon so anyway to help counts. These benefits won't lower prices but could help out tax-wise and any benefits that we can offer our employees that don't cost the employer much are win-win. From Kim's email:

In a nutshell, your employees can set aside $115 per month in pre-tax income to use towards riding in a commuter highway vehicle (qualified vanpool arrangement) between home and work and for purchasing transit passes. Also, your employees can set aside $220 per month for qualified parking.

Find out more from IRS Publication 15-B, The Employers Guide for Fringe Benefits. Click here to download a PDF of the publication. Thanks Kim!