Issuance of material assistance to employees of the organization: accounting and tax aspects of accounting

Not a single legal act establishes the obligation of employers to pay material assistance to their employees. But in organizations that take care of their employees and create favorable working conditions for them, it is customary to pay financial assistance upon the occurrence of certain events in the lives of employees, both good and bad. Such payments are a popular practice of all large companies. The article deals with the accounting and tax aspects of the payment of material assistance to employees of the organization in commercial organizations. Samples of documents-grounds for the payment of material assistance are presented. All tax nuances related to accounting for material assistance are considered in terms of income tax calculations (for example, the expenses of an organization in the form of material assistance to employees are not taken into account when determining the tax base for corporate income tax, and insurance premiums accrued on the amount financial assistance, reduce the income tax base), personal income tax, value added tax, insurance contributions to off-budget funds. Also, real practical examples of accounting for such operations are considered, which will help to understand the issue under consideration, both for a novice accountant and for those who are faced with such business transactions for the first time (for example, when paying material assistance to mobilized employees).