I believe they have to be doing something shady, there is no way in hell that would cost$15 per person. Even a nice potato bar is $11 per person according to Google. I’m not an expert in business finance but I know bulk means less cost.
That SMCF, and yes that honestly sounds worth it to me.
I see your point, but labor cost for a single baked potato that was probably cooked at the same time as the rest of them would still be minimal.
Technically gift cards are taxable but if it’s not reported who is gonna know.
Here is a little something from the IRS pub 525 about bonuses.
Bonuses and awards. Bonuses or awards you receive for outstanding work are included in your income and should be shown on your Form W-2. These include prizes such as vacation trips for meeting sales goals. If the prize or award you receive is goods or services, you must include the FMV of the goods or services in your income. However, if your employer merely promises to pay you a bonus or award at some future time, it isn’t taxable until you receive it or it’s made available to you.
So do they really believe the fair market value of a potato is $12? The IRS doesn’t go by retail price.
The FMV for a pound of russet potatoes is $2.50 soo yeah no they are doing too much and should be reported.
Meals and lodging
You don’t include in your income the value of meals and lodging provided to you and your family by your employer at no charge if the following conditions are met.
The meals are: Furnished on the business premises of your employer, and Furnished for the convenience of your employer.
It’s some sense of moral superiority due to entering through the “proper” channels. If that wasn’t the case then they’re just an asshole.
Lol at the meme of the user.