Re: JBA ML - Miscellaneous Vendors

[tkresky@xxxxxxxxxxxxxxxx]

It has been a while since I looked at it, but you really can do it through
A/P if it is considered to be "de minimis" (excuse the spelling).  That is,
if the 'gift' value is insignificant, you can get away with not taking tax
out of it.  If memory serves me correctly, they usually look the other way
if the amount is less than $25 per employee and it is a once a year
occurrence.

That said, I highly recommend going through Payroll.  Then you don't have
to worry about meeting the IRS 'test'.  Hopefully your payroll system has a
gross-up feature that allows you easily end up at the amount you seek on
the checks.

R. Tim Kresky, Controller
Sunflower Manufacturing Company
Agricultural Equipment Division, a unit of SPX Corporation
ph: (785) 738-2261 x272
fax: (785)-738-2406
email: tkresky@sunflowermfg.com



                    Geac User
                    <geacuser@yahoo.com       To:     jbausers-l@midrange.com
                    >                         cc:
                    Sent by:                  Subject:     Re: JBA ML - 
Miscellaneous Vendors
                    jbausers-l-admin@mi
                    drange.com


                    12/07/01 03:21 PM
                    Please respond to
                    jbausers-l






Kevin,

Great Question for this forun...!!!

If your company is giving out a Christmas Bonus, I
have to ask you...  Do you have any openings...???!!!

ROF - LOL

Seriously - I liked Ed's answer, I think it was very
insightful, especially the warning about following the
rules...

Good luck...


--- "Brunk, Kevin" <kevin.brunk@wabutler.com> wrote:
<SNIP>

For example, this year all employees will
> receive a small Christmas
> bonus check, all of which will be for the same
> amount.
<SNIP>

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