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IncentiveDirect newsfeed. March 2008.
IncentiveDirect creates innovative online reward and recognition systems.
We believe that rewards are the currency of inspiration. |
T
he end of the financial year for many companies is also the time that many organisations start planning for the year ahead.
The clocks have gone forward. Spring is here. Now's the perfect time to kickstart your incentive activity.
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/01. End year tax reporting.
As we come to the end of year, a number of clients are requesting tax reports detailing their end users point redemption during the tax year.
Upon request, we can prepare a spreadsheet breaking down each users point redemption over the year, and the value of these purchases.
Clients can then use this to issue P11D benefits notices, and advise their end users as to whether the tax has been paid, or whether liability for the tax rests with the recipient.
Please note that we can not provide detailed tax advice. All rewards, irrespective of their type or source, probably constitute a taxable benefit. We believe it is prudent for the source of the reward to make a provision for a possible tax liability.
Therefore, we strongly suggest that our clients consult their Finance Department regarding issues relating to tax on rewards, as every company will have its own particular tax strategy.
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/02. Project Chameleon: sneak peek 05 - Product departments
One of the new features we are implementing in the next version of the system is an update to the way we manage and group products. This will make it easier to create themed collections of products, for instance for Euro 2008, or create bespoke departments for a particular client.
It will also make it easier for clients to 'switch off' individual products - for instance to ensure that there are no products by a competing brand.
As part of this restructuring, in our backend systems we will also be able to change suppliers of a product much more easily, allowing us a greater degree of control based on price and availability and service, giving a better service to our customers.
This is all part of laying down the framework for what we are calling The IncentiveDirect Platform - more on this next month.
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/03. Latest blog entries.
The IncentiveDirect blog is the place to find out the latest news and views of the incentives and motivation sector.
Recent entries:
Terminal Velocity
What lessons can we learn from the meltdown at Heathrow Terminal 5?
Games as incentive systems
In memory of Gary Gygax, we consider whether Dungeons and Dragons is a prototype points based incentive.
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/04. New products in store
We continue to add great new products to the iD-points store.
Hamper Stampers
We've totally blitzed our range of hampers with a brilliant selection of Epicurean delights. From tea-time selections to after-dinner wine & cheese to champagne and choclate confections, there's somethin to match every occasion.
2Gb iPod shuffle
Apple have upgraded their entry level iPod, the Shuffle to 2Gb - now giving you up to 500 songs in a tiny device the size of a postage stamp.
Perfect for commuting,in the gym, or out for a cycle ride, with the integrated spring clip means they can fix on anywhere.
Wilson Fybrid golf clubs
From Wilson come teh FYbrid hybrid fairway bridge, fusing fairway woods and hybrids into one club. The FY bridge club replaces 3 clubs: the 2-iron, the 2-hybrid and the 7-wood.
We also have more sticks from Wilson including a pinpoint putter, a Dd6 distance driver, and a great set of long-range, forgiving irons. Now if your game sucks you can't blame your clubs.
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/05. Contact details.
You can contact IncentiveDirect in a number of ways
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© 2008 IncentiveDirect Ltd. |
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