At one of your seminars, I remember you talking about how we could give awards to employees. I have some of my staff that I would like to provide awards to. Could you get me information on this?
Employee achievement awards can be very rewarding because they are not taxable to the recipient and are deductible by you. There are some specific requirements. On our website, we have a section called “Employee Achievement Awards.” Here is the link to that: Employee Achievement Awards
As you are looking at this, look very closely, because this cannot be an award in cash or near cash item, such as gift certificates or debit cards. It has to be actual property.
If you do have any questions on this, please feel free to contact me.
Larry Kopsa, CPA
Employee achievement awards can be very rewarding because they are not taxable to the recipient and are deductible by you. There are some specific requirements. On our website, we have a section called “Employee Achievement Awards.” Here is the link to that: Employee Achievement Awards
As you are looking at this, look very closely, because this cannot be an award in cash or near cash item, such as gift certificates or debit cards. It has to be actual property.
If you do have any questions on this, please feel free to contact me.
Larry Kopsa, CPA
