Taxable Benefits for Rewards

As tax laws vary across countries and the territories within them, it is important to know that KudosRewards™ and/or Custom Rewards may be taxable in your jurisdiction. Please review your governing tax laws to understand cash and near-cash taxable benefits in your area. 

To see how many points (KudosRewards™ or Custom Rewards) have been redeemed by your team, go to Admin ⚙️ > Redeem > Redemption Report, or by using the Admin Points and Rewards Dashboard. This will show the points redeemed and their dollar value, so you can calculate the taxable benefits accordingly. Based on this information, you can calculate the dollar value per employee, which can be submitted to payroll for tax deductions.

You can filter the Redemption Report by date, and by User Name and enter a Date Range. Click Search Transactions once you have applied your filters, and then click the CSV button to download the report. 

To add a taxable benefits disclaimer for your team, go to Admin ⚙️ > Account > Rewards > Taxable Benefits Disclaimer. 

The disclaimer will display at the bottom part of the KudosRewards and Custom Rewards catalogue:

We hope this helps! If you have any questions, please reach out to us at support@kudos.com and one of our friendly team members will be happy to assist you.