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April 28, 2023
Question

We gave one of our employees a significant gift recently (over $500). How do I enter the appropriate information in payroll for this taxable non-cash benefit?

  • April 28, 2023
  • 1 reply
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1 reply

April 28, 2023

Hey there jlawson1,

 

It's always a pleasure to see new faces in the Community, Welcome! Thanks for reaching out to us here. It's important that all payroll information be correctly entered in QuickBooks. I would be happy to point you in the right direction. 

 

QuickBooks Online offers you the ability to create taxable fringe benefits. This article will explain what Fringe benefits are, and how you can create them. If you require further assistance, I recommend reaching out to an accounting professional for expert advice. You can add your accountant to your books by going to the My Accountant tab of your QuickBooks account. You can also find an accountant that has experience using QuickBooks near you by clicking on the Find a pro to help option in that section.

 

If you have any other questions, feel free to reach out here.