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Pre Paid Credit Card/ Gas Card or Credit Card
Old 04-28-2008, 11:38 AM   #1
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Pre Paid Credit Card/ Gas Card or Credit Card

I want to offer some employees a gas card as part of annual raises - but i want to limit the $ and not deal with accounting...

Any recommendations at prepaid credit cards that wont take a big% for convenience , credit cards w/no annual fees but a web administered cap limit or another simple way to make it happen?

Thanks!
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Old 04-28-2008, 11:51 AM   #2
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Some chains offer them. I just got a $50 card from quick trip as a thank you.
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Old 04-28-2008, 12:13 PM   #3
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If you were audited and if it was discovered it was in lue of a raise it would be considered taxable income and all associated employer/ee taxes would be due.
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www.corerewards.com
Old 04-29-2008, 08:36 AM   #4
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www.corerewards.com

We use this outfit for sales contests. Contestants earn $ which is credited to a pre-paid card. They handle all the accounting and issue 1099's if necessary.
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Old 04-29-2008, 02:04 PM   #5
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Quote:
Originally Posted by dex View Post
If you were audited and if it was discovered it was in lue of a raise it would be considered taxable income and all associated employer/ee taxes would be due.
Yes, there are rules that we have to follow. We can only give a single purpose gift card (for a restaurant, movie theater or gas). We can't give more than a certain amount in a year and so on.
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