Employee Discounts: How Much Are You Giving?
Like most practices, yours probably offers discounts to employees on veterinary services and products. Although the amount of the discount varies widely from practice to practice, this is a very common fringe benefit in the industry. Many owners offer discounts as a way to provide a valuable benefit to their employees, and since most practice employees have pets, no doubt this is truly appreciated by those employees.
Seems logical, doesn't it?
But like many other good ideas with tax implications, this one is full of traps. What's set
forth in the this article
are the least known tax rules, and one which is not widely understood in the veterinary profession. But here is what our current tax law says about employee discounts.
If you need help with your Employee Discount Policy, email us for help