I'm thinking of giving my staff a clothing allowance for uniforms. How much is reasonable?
Question: I'm thinking of giving my staff a clothing allowance for uniforms. How much is reasonable?
Answer: If you don't want to hassle with ordering uniforms for employees yourself, offer to reimburse your staff anywhere from $150 to $250 per year for clothing. This is a straight business expense for you, and it also allows your staff some freedom of choice since they can spend the money on the styles and colors they prefer.
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.