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Topic:
Cash bonuses
This thread has 46 replies. Displaying posts 46 through 47.
Post 46 made on Saturday November 22, 2014 at 18:25
radiorhea
Super Member
Joined:
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May 2002
3,264
I agree, if we taxed the China crap that came into this country....even just a little bit....we could all have it a little easier.....you play..you pay
Drinking upstream from the herd since 1960
Post 47 made on Saturday November 22, 2014 at 23:18
tomciara
Loyal Member
Joined:
Posts:
May 2002
7,969
From the NFIB (National Federation of Independent Business), which every owner here should belong to:

Holiday Gifts

Gifts given to employees are construed as supplemental wages subject to both payroll and income taxes. However, employers can give a holiday gift, which may be excluded from payroll and income taxes if the gift is de minimis, or so small an amount as to make accounting for it unreasonable or administratively impractical. The nominal value that would fall under the exclusion has not been specifically defined. A good rule of thumb is to limit gifts to $25 to $35, not exceeding $100 in value. The gift may never take the form of cash or a cash equivalent (coupons, gift certificates, gift cards) to qualify for the exception.
There is no truth anymore. Only assertions. The internet world has no interest in truth, only vindication for preconceived assumptions.
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