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re: How Would You Handle? Employee spends too much on company card. But is top producer...
Posted on 6/28/22 at 7:41 am to captainahab
Posted on 6/28/22 at 7:41 am to captainahab
quote:
Google IRS Publication 1542. There are set max rates (and the IRS lists the actual cities and times of the year where/when they appy) and anything above that has to reported as income. Tell him your CPA is making you go legit.
Top Producers need to be rewarded but if you want a way out and want to stay legit then you have it.
Yeah this seems like a good idea. Thanks.
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