Hi everyone,
We’re preparing to launch Awardco at Veriff (800-1000 employees globally) and are currently aligning with our Finance team on how to handle taxation and reporting of rewards across different regions.
I’d love to learn how other companies are managing this:
- How are you handling taxation on rewards?
- Are rewards processed through payroll, treated as fringe benefits, or handled in another way?
- Do you gross-up rewards so employees receive the full value, or are taxes deducted from the reward amount?
- From a Finance and operations perspective, what approach has worked best for you? Ideally, we’re looking for a setup that minimizes manual work for Finance and allows us to use reports/invoices directly from Awardco where possible.
Would really appreciate hearing how others have structured this, especially from companies with global team
