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 ⚙️ > Reports > Users > Filter by Redemptions. You can sort this as required for the time period, people, department, locations, etc. Next, click Update Report, and then download as a CSV.
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.
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 email@example.com and one of our friendly team members will be happy to assist you.