Employee Bonuses

Employee Profit Sharing
An outline of an employee benefit plan where employees are entitled to a portion of the profits of their company, receiving bonuses when the company is profitable.
Non-Taxable Income
Non-taxable income refers to types of income specifically exempted from taxation by government regulations. Understanding which types of income are non-taxable can significantly affect an individual’s or business’s tax obligations.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.