Tag Archives for " taxable gifts "

How Bonuses are Initially Taxed May Create Tax Issues

  • July 21, 2022

If your bonus doesn't have the proper withholdings taken out up front, it may create taxes due when you file your tax return.This has been an ongoing issue for people who are paid bonuses during the tax

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Avoid Tax Problems when Providing New Benefits

  • December 2, 2020

Providing new perks or benefits without realizing that they're likely taxable can cause tax problems down the road, for employees and employers.With the COVID-19 pandemic forcing major changes around where

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Does Giving an Employee a Gift Card or Other Small Gift Cause a Tax Issue?

  • December 1, 2020

Are employer gift cards taxable? Yes. In the past, employers could give employees cash or a cash equivalent gift such as a gift certificate for amounts less than $25 without any tax concern. These were

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