Year-End Bonus or you may know it as Christmas bonus, what is it?
At the end of each year, there is a reward paid to employees called a year-end bonus. This money is tied to performance and is usually paid as a reward for individuals' hard work. A year-end bonus can be offered by any company especially when it is making profit more than expected. However, you should bear in mind that it is a taxable increase in your salary, so sometimes it can push you towards the next bracket of taxes which might you cost a lot! Here is a video in order to explain What You Need To Know about taxing on a bonus.