LLC Taxes 2018 – Office Snacks (Bottled Water, Coffee, etc)
How would I categorize for 2018 taxes office snacks for employees (bottled water, coffee, etc)? I see some mention of it being “De Minimis fringe meals” but that I’ve been told is for food and beverage expenses that are excludable from the gross income of the recipient.
I’m not going to exclude the costs of bottled water (can’t drink from tap as the water in this town would be dangerous to drink), coffee and the occasional granola bars from the gross income of our employees. Am I reading that wrong?
Or would bottled water and coffee, etc, be categorized as “Office Supplies”? But then again I thought “Office Supplies” category for bottled water and coffee, etc, is only for refreshments for clients. If anyone knows, I’d highly appreciate some advice on this.
You can categorize snacks for the office as office supplies or just supplies. I don’t think there is a hard and fast rule on this. However, I do agree with you that these type of minimal expenses should not be reported as fringe benefits.
Crystalynn Shelton, CPA
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.