![]() How should markets manage and track SNAP tokens/scrip?įirst, treat SNAP tokens (or other scrip used for SNAP currency) as money.What other resources are helpful for SNAP accounting and tax? How should markets manage and track SNAP tokens/scrip?Īre outstanding tokens accounting liabilities?ĭoes SNAP present unique tax considerations? Please note: The authors of this Toolkit are not accountants and have highlighted select accounting and tax concerns below, after consultation with an accountant, primarily to illustrate the need for markets to take accounting and taxation seriously and hire expert assistance as needed. Accordingly, they should consult with accountants to ensure that their books and taxes are in order. Farmers markets accepting SNAP benefits encounter unique accounting challenges and tax rules.
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