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Jan 27, 2023
2:12
:27
pm
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
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TempeCoug
Joined
Nov 5, 2001
Last login
May 5, 2024
Total posts
9,223 (720 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.
Jeff Spicoli
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.
Viva Campeche
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.
Viva Campeche
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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