And this why most companies have moved away from using gift cards for

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Jan 27, 2023
2:12:27pm

TempeCoug All-American

And this why most companies have moved away from using gift cards for

employee gifts or incentives.

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TempeCoug

Bio page: TempeCoug
Joined: Nov 5, 2001
Last login: Jun 1, 2024
Total posts: 9,298 (726 FO)

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Messages

Author

Time

Funny HR incompetency story. My wife works for an insurance agency. This last

Powerbait DPM

1/27/23 2:04pm

You can send the gift card to me if you aren’t going to use it.

1/27/23 2:06pm

Lol thank the IRS for the tax part, not sure why the company made the bonus

kotacoug

1/27/23 2:07pm

Unfortunately, They probably think it's more personal than cash.

ochobeeguy

1/27/23 2:12pm

Exactly, I get the taxing it as income. But restricting it to restaurants just

Powerbait DPM

1/27/23 2:20pm

The taxing part if following the law so I wouldn't call that incompetent. They

Dangerous

1/27/23 2:07pm

"Grossing it up" does not sound better to me.

ochobeeguy

1/27/23 2:10pm

<< Deleted >>

ochobeeguy

1/27/23 2:12pm

We had this problem so we started adding more to hopefully cover the gift card

cougarfann888

1/27/23 2:07pm

My HT's son works for the Braves in the minor leagues

Indy Coug

1/27/23 2:08pm

I am guessing he could have sold the ring for more than what

cougarfann888

1/27/23 2:09pm

RE: My HT's son works for the Braves in the minor leagues

maxpowers

1/27/23 2:22pm

Not to brag, but we got nothing for Christmas at my work.

ochobeeguy

1/27/23 2:09pm

Well taxing the gift card amount is required by law...

RH84025

1/27/23 2:10pm

And this why most companies have moved away from using gift cards for

TempeCoug

1/27/23 2:12pm

Unless it's Amazon, then it's essentially cash. We do Amazon gift cards and people like it.

CSoul

1/27/23 2:18pm

My boss wanted me to get my employees something for Christmas and gave me a budget per employee.

1/27/23 2:35pm

I don’t understand my not cash?

kotacoug

1/27/23 4:15pm

IDK, that's just the rule I had to follow. I had to provide receipts for it all.

1/27/23 4:53pm

It's the law. Not taxing it would be a problem.

flyzag

1/27/23 2:16pm

A chance the company also received a discount from all the cards they bought?

calblue

1/27/23 2:24pm

RE: A chance the company also received a discount from all the cards they

Doogal McCougar

1/27/23 2:51pm

No comment besides telling you that you better pay tithing on the gift card too

viper

1/27/23 2:58pm

RE: No comment besides telling you that you better pay tithing on the gift card

Doogal McCougar

1/27/23 3:14pm

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