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Honorarium
From Wikipedia, the free encyclopedia
An honorarium is a payment made to a person for their services in a volunteer capacity. This is used by groups such as schools or sporting clubs to pay coaches for their costs. [1][2] Another example includes the payment to a guest speaker at a conference to cover their travel or accommodation expenses.
An example of this are the payments made by Australian schools to their sporting coaches[3]. They are ostensibly receiving a reimbursement for their costs in their voluntary role as coach. The concept of an honorarium has a tax implication. In Australia recipients of these funds make a tax declaration (known as the hobbyist form)[4] to the tax office and therefore do not have to include this money in their annual tax return.
- ^ http://ethics.wa.gov/opinions/99_03.htm An example of the rules for payment of an honorarium in the United States.
- ^ http://www.athrec.mcmaster.ca/clubs/forms/2006-2007/Athletic%20Sport%20Clubs%20Manual%20-%202007.pdf A Canadian example of the use of an honorarium.
- ^ http://www.bgs.qld.edu.au/news/2007Newsletters/2007_news10.pdf An example of an Australian school paying a coaching honorarium.
- ^ http://www.ato.gov.au/print.asp?doc=/Content/8729.htm Australian tax law regarding the payment of honoraria.