Without the proper planning and a complete understanding of what is and isn’t taxable, even a well-designed program may fail. Tax implications must be understood and built into the program structure.
Little Rock, AR (PRWEB) September 10, 2015
Perks, a global incentives and loyalty marketing company that combines solid business strategy with cloud technology to ensure that our customers become more effective with their employees, channel partners and consumers, has partnered with George Delta, an industry expert in various aspects of the incentive, promotion and rewards and recognition industry, in our upcoming Webinar: Successfully Navigating Reward and Recognition Incentive Program Tax Concerns.
Points-based employee recognition programs continue to grow in popularity, but the income tax treatment of awards received by employees through these programs remains unsettled. Joining the webinar on September 16th at 1 PM EST will empower attendees with a better understanding of the tax implications of recognition and incentives programs.
In this webinar, George Delta, Incentive Federation’s attorney and industry expert in various aspects of the incentive, promotion, and reward and recognition industry, and Steve Timmerman, Perks Co-founder & VP of Business Development at Perks | Employee, will discuss regulations about the tax rules around achievement, length of service and safety awards - when are and aren't they taxable, how to determine fair market value and outline which programs are/are not exempt from income reporting and taxation.
Timmerman looks forward to the webinar and further explains the significance of this discussion: “Without the proper planning and a complete understanding of what is and isn’t taxable, even a well-designed program may fail. Tax implications and the impact of safety achievement awards and years of service awards must be understood and built into the program structure.”
In this webinar, attendees will learn the true definition of non-taxable employee awards, which tax rules apply to Safety and Years of Service programs, how to determine the fair market value of the awards and some guidance about the Fair Labor Standards Act. By understanding these regulations, program stakeholders will be better prepared to guide discussions and have conversations with in-house legal and finance teams.
Perks provides global services and software that motivate, recognize and reward the people who matter most to your business. With a listing on the Salesforce AppExchange and a global user base exceeding 5.5 million users, Perks takes the guesswork out of Rewards and Recognition programs. Utilizing the Perks’ Science of Motivation™ methodology, we provide your business with the tools necessary to motivate the people who matter most to your organization. More than just a loyalty company, we focus on creating best-in-class channel programs with tailored strategies and program design to achieve your go-to-market objectives. When you partner with Perks, we ensure that you receive the right infrastructure and processes to streamline program administration and increase employee engagement.