Fri.Dec 08, 2023

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Gift cards, taxability, and W-2s.

BMT Office Administration

We’ve covered the taxability of gift cards before, and the law hasn’t changed—with three exceptions, the face value of gift cards is always taxable because they’re cash equivalents: Gift cards aren’t taxable if they’re restricted to a specific item of personal property, which is minimal in value, provided infrequently and administratively impractical to account for.

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Thinking Outside the Box: How Entrepreneur Danny Taing Is Bringing Japan to Your Door


Once upon a time, Danny Taing sat in his living room, stuffing subscription boxes with his mom. If a drone flew over that room in 2015, you’d see bags of snacks scattered across tables and tumbling from three giant suitcases he brought back from Japan. You’d see simply designed postcards tucked inside each box alongside handwritten notes, which Taing meticulously wrote to thank the 20 subscribers he had.

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Executive Changes at Sports Illustrated Publisher Follows AI Controversy


There has been a recent leadership shakeup at The Arena Group, publisher of Sports Illustrated, following an AI-related controversy — though the company claims the two events are unrelated. According to a recent article published by Futurism , the media company fired two senior executives, COO Andrew Kraft and President Rob Barrett, amidst a broader reorganization plan by majority owner Manoj Bhargava.

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Landlords Push Back on WeWork’s Financial Plans


Prominent landlords including Boston Properties, Brookfield Properties, and Starwood Capital have raised objections to the financing plans proposed by WeWork’s majority owner, SoftBank Group, amid the company’s Chapter 11 bankruptcy restructuring. According to a report published by BISNOW , attorneys representing various landlords of over 50 WeWork locations filed objections on Thursday, asking the judge to reject WeWork’s motion for debtor-in-possession (DIP) financing.

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SME Relationships: Proven Solutions for Seamless Collaboration and Success

Speaker: Tim Buteyn, President of ThinkingKap Learning Solutions

💢 Do you find yourself stuck in never-ending review cycles? Are you wondering if your Subject Matter Expert actually got that last review request? Are you having trouble trying to decipher impractical or conflicting feedback? 💢 If any of these scenarios sounds familiar, you may benefit from a crash course on managing SME relationships!

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U.K.’s Nationwide Calls Over 10,000 Employees Back to The Office


Nationwide, the U.K.’s largest building society, has recently made headlines with an update to their flexible work environment. According to a recent report published by The Guardian, the company’s change will require 13,000 staff members to spend at least two days a week at the office. The company’s announcement marks a dramatic departure from the “work anywhere” ethos it reportedly adopted during the COVID-19 pandemic.

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Landmark Space rolls-out essensys technology across 400,000 sq. ft. of London flexible workspace


Landmark Space has expanded its partnership with essensys, implementing advanced digital services in nine additional London sites. Landmark Space aims to enhance client experience in each location through automating the customer journey, which is made possible with essensys’ technology. essensys’ software provides valuable data and insights on occupancy and network usage, helping drive more informed decision making in today’s world of hybrid work. 117 Piccadilly is one of nine locations which ha

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