Can you tell me if there are any stipulations to offering a prepaid debit card for an allotted amount of hospitality to a church employee as part of their compensation package?
Would they then would be responsible for maintaining receipts to offset this amount that was given to them, for any auditing?
Thank you for any help with this!
1Comments
Taxable Income
VVickey
It would be taxable income to them and need to be reported in Box 1 on their W-2.
See this article on giving gifts to staff:
https://www.freechurchaccounting.com/staff-gifts.html
I also want to apologize for the spam response you initially received. I have deleted the comment and have banned that author but the same spammers from those "QB experts" keep using different email addresses =(
See this article on giving gifts to staff:
https://www.freechurchaccounting.com/staff-gifts.html
I also want to apologize for the spam response you initially received. I have deleted the comment and have banned that author but the same spammers from those "QB experts" keep using different email addresses =(