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.

Gifts 52
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Thinking Outside the Box: How Entrepreneur Danny Taing Is Bringing Japan to Your Door

Success

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.

Gifts 289
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Landlords Push Back on WeWork’s Financial Plans

Allwork

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.

Finance 147
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U.K.’s Nationwide Calls Over 10,000 Employees Back to The Office

Allwork

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.

2024 147
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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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Spotify CFO to Step Down Next Year

Allwork

Spotify’s Chief Financial Officer (CFO) Paul Vogel will leave his leadership post at the company in March 2024. The announcement of Vogel’s exit comes days after the decision to lay off 17% of its workforce, or nearly 1,500 jobs, according to a report published by Variety. Vogel’s departure is part of a broader reorganization within Spotify, focusing on cost-cutting and downscaling operations.

2020 147
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Landmark Space rolls-out essensys technology across 400,000 sq. ft. of London flexible workspace

Allwork

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

2009 130