Employee loans – tax considerations for employers

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Loans can be provided either interest-free or at an appropriate interest rate. The company needs to take precautions when deciding to loan an employee a certain amount of money. It is not a massive tax burden on the employee but does cost the company a small amount to provide. As long as the right considerations and agreements are in place, providing loans to employees can be a great incentive to employees and also a great retention strategy.??Continue reading...

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