ASK MICKEY, CPA I’m giving my employees a bonus this year. What is the best way to do this?
ANSWER Nice to hear your employees will be receiving a bonus! There are 2 ways to do this:
The percentage method. Most employers use this method as it’s the simplest . The bonus is separate from the employee’s paycheck and has a flat tax of 22%
The Add -In method is used when combined with the employee’s paycheck. It’s then taxed on the normal rate that their paycheck is.
ASK MICKEY, CPA 2024 inflation-adjusted tax code for 2024…
info@onealcpa.net
