What is De minimis rule?
De minimis rule in business it is linked to any benefit, property or service provided to an employee that has so little value that accounting for it would be unreasonable or administratively impracticable.
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De minimis rule definition
De minimum comes from Latin when referring to something of minimum importance. In business it is linked to any benefit, property or service provided to an employee that has so little value that accounting for it would be unreasonable or administratively impracticable.
It also refers to mistakes which have little or no impact for the bigger picture. For instance, in a million dollar deal, a $10 mistake is de minimis.
Cash is never excludable as a de minimis benefit, except for occasional meal money or transportation fare.