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Old 06-29-2011, 10:21 PM
WheatBookkeeping WheatBookkeeping is offline
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Join Date: Apr 2011
Location: Elk Grove, CA
Posts: 108
If your “No Damage” program takes on the characteristics of an employee incentive program it can get complicated in the eyes of our wonderful taxing agencies. Even though we all understand it as a very simple process.

If it gets thorny, talk it over with your bookkeeper so you can get a feel for any deductions you have coming your way and, if the monies the employee gets, is considered reportable compensation.

Your bookkeeper can set it up so the IRS doesn’t have a heartbun.
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