Many employers typically pay year-end bonuses in the first quarter of the year. If you received a bonus for the first time this year, you may be surprised at the net amount of your "windfall." WHY THE SURPRISE? Work bonuses are classified as supplemental wages, which...
Bonus
Tax Implications of Bonuses
If you get pleasure from rewarding your team's performance with bonuses, you are not alone. But it's important to consider how those bonuses are given, along with the tax implications for both you and the employee. One-time bonuses are generally calculated by...
How Do Taxes Work With Bonuses?
Bonuses, frequently given at the end of the year, are a popular "thank you" for a job well done, and smart business owners know they can build loyalty, helping retain the most productive employees. However, both owners and employees often misunderstand how taxes work...