Reply to Do you give bonus in cash/check or though your payroll software?

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Reply to "Do you give bonus in cash/check or though your payroll software?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Check. In my mind, it's a holiday gift; bonuses are not part of the employment contract, so no need to go through payroll. [/quote]

Doesn’t matter what your mind says if you want to follow the law.[/quote]

Nannies aren't allowed to receive gifts? [/quote]

No, they're not unless the gifts are taxed. This isn't some sort of gotcha. There's literally a law. [/quote]

Sheesh no kidding!!! It is the law that this is taxable. Even if it’s a gift. And any gift >$100 including gift cards and physical objects are also taxable.

https://www.homeworksolutions.com/knowledge-center/is-a-nanny-bonus-reported-as-wages/

We always just accounted for the tax bite when we gave our nanny a bonus and increased the amount accordingly so she ended up getting what she would’ve gotten had we just given her cash. My husband has security clearance and I could potentially work a job in the future that requires clearance. Plus we want to do things on the up and up anyways. Reason with yourself all you want that paying it cash or check to avoid taxes is fine. But again. It’s illegal even if you call it a gift. [/quote]

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