Everyone likes to be recognized for their efforts, contributions, and achievements.
In fact, I’ll bet this is true of your employees. So how about rewarding them with a morale-boosting achievement award that’s tax deductible for your business and tax free for your employees?
You’ll get all the details when you read my new article titled Tax Tips: Achievement Awards Are a Great, Tax-Free Way to Reward Employees!
Three ways our fact-filled article can help you:
- You’ll learn what counts as “employee achievement. There are two main types of tax-free achievement awards that you can give to your employees. Before you take out your checkbook and start writing, be sure to read the full article.
- We’ll explain the “five-year thank you” award. It’s a length-of-service award that you can give to an employee who has worked for you for at least five years. What are the rules that govern your “thank you”? We’ll tell you the whole story when you read the full article.
- We’ll tell you how to give yourself an award. Do you operate your business as a C corporation and participate in the business? Then you’re an employee and your corporation can give you an award. (Hey, you deserve it, right!?) S corporations and sole proprietors are not so lucky as you’ll learn when you read the full article.