Comprehensive guide on the format and template for an annual bonus announcement letter, informing employees about their bonuses. This bonus will be paid in one lump sum in a separate check on the next regularly scheduled pay date.This employee bonus policy template is ready to be tailored to your company's needs and can be a starting point for setting up your employment policies. This form specifies the benefits you provide to workers. You are required to submit verification documents to receive credit for any benefits you provide. I am new in the role and all I have to work with is an excel spreadsheet with all the current salaries and the bonuses paid last year. The employee needs to pay tax in the year they receive such bonus.