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Having lots of bulky baggage is not ideal when you’re trying to travel light, so gifting experiences, digital gifts, or small items is ideal. . Digital subscriptions for learning, social media management, taxes and more are perfect choices for last-minute gifts. . 12 of the Best Gift Ideas for Digital Nomads .
Get educated now on the new rules of employee expense reimbursements! Employee Expense Reimbursements: Compliance Workshop. The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. Which payments made to employees are subject to payroll tax? View this online. Join us Sept.
For example, you decide to make payments for most of your January expenses in December. It is advisable that as an employer you create accountable plans to help you cut down on payroll taxes. You can decide to reimburse your staff for entertainment, travel, gifts, car expenses among others. Pay Your Bills Early.
You don’t have to worry about their chores falling outside of their job description (for example, asking an executive assistant to shop for your spouse’s anniversary gift, or pick up their dry cleaning). In public corporations, the executive assistant is on the company payroll, and most often, the personal assistant is on a personal payroll.
For these reasons, some managers are hailing geofence time clock apps as a gift from the HR gods. Missed punches happen all the time, and they cause all sorts of problems with timekeeping and payroll processing. They Increase Payroll Efficiency Speaking of missed punches, they’re also a huge headache for your accounting department.
Gift cards aren’t taxable if managers dig into their own pockets for them for their subordinates, if they don’t seek reimbursement from the company. Gift cards aren’t taxable if they’re provided to an employee for a special occasion (e.g., Myth #1: Gift cards awarded randomly at a holiday party are exempt from taxes Nice try, but no.
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