#HOLIDAY GIFT CARDS FOR EMPLOYEES PROFESSIONAL#

They are included in the Research Subject Compensation Policy and Procedures. Gift certificates given as research subject compensation do not fall under this Policy on Taxation of Gifts, Prizes, and Awards to Employees. See procedures for rewarding performance under III-38.2a (cash awards). Gift certificates may not be given to employees to reward performance unless they are given under a University-wide sanctioned award program. Gift certificates, including gift cards, gift vouchers, etc., are considered cash equivalents by the IRS and, therefore, are treated as cash payments. Cash awards to student employees must be processed through MAUI Scholarship Workflow.

#HOLIDAY GIFT CARDS FOR EMPLOYEES PROFESSIONAL#

Professional and scientific staff, merit staff, and faculty who are rewarded for extra-meritorious performance must be awarded through the HR Transaction System using the appropriate special compensation form type.University-funded cash awards to employees constitute gross wages and are subject to payroll tax withholding. Procedures: Įmployees who handle cash and gift certificates must follow UI cash handling procedures. For current cash and gift certificate guidelines, see. For the most current version without redlining, return to III-38 Taxation of Gifts, Prizes, and Awards to Employees. Effective September 7, 2021, this policy has been deleted.

Holiday gift cards for employees