$30 cash bonus/gift payment

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • jhoh2000
    Junior Member
    • Mar 2007
    • 5

    #1

    $30 cash bonus/gift payment

    Client wants to pay year-end bonuses/gift (In cash) ranging from $30 to $100 for about 20 employees. It seems to me they STILL need to do the payroll with proper SS and medi-care withholdings. But, are there any alternatives for these cash payments other than doing payroll (withholding SS and Medi-care)? Should she just give turkeys to her employees?

    Your feedback will be appreciated.

    Thanks.

    J. Oh
  • Jiggers
    Senior Member
    • Sep 2005
    • 1973

    #2
    Bonuses

    Cash bonuses MUST have payroll taxes withheld.

    Turkeys, hams, etc. are not subject to payroll taxes.
    Jiggers, EA

    Comment

    • jhoh2000
      Junior Member
      • Mar 2007
      • 5

      #3
      Thanks

      Thank you Jiggers

      Comment

      Working...