Reimbursement & Payment

Fringe benefit

Non-cash perk given to employees beyond salary, often taxable.

A fringe benefit is the non-cash perk a company gives an employee beyond cash salary — company car, meal voucher, health plan, corporate phone. Some are taxable (personal use of company car), some are excludable (work-related expense). Business mileage receipts support the split between professional and personal vehicle use.

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