If you give cash as a wedding giftâ¦. 1  Always enclose it in a nice card with the appropriate personal note, wedding wishes, and congratulations to the happy couple.  If you choose to give cash as a gift card, opt for cards at stores the couple prefers and cards without expiration dates or monthly fees.
By providing benefits under a cafeteria plan, an association can provide its employees with a mechanism to avoid taxation of the employer-provided benefits. What's offered in a cafeteria plan? Why not provide a built-in cafeteria plan by giving all individual taxpayers a deduction above their adjusted gross income for health-insurance premiums, and deduct premiums from their FICA base as well?
Cafeteria Plans. A cafeteria plan is a separate written plan that meets the specific requirements and regulations of Section 125 of the Internal Revenue Service Code, and is maintained by an employer for employees.As suggested by the name, a Cafeteria Plan allows employees to choose where their benefit dollars will be spent. Section 125 Cafeteria Plan is the only way an employer can offer employees a choice between taxable and nontaxable benefits without that choice in benefits becoming taxable. A plan offering only a choice between taxable benefits with no qualified benefits offered is not a Section 125 Cafeteria Plan.