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Employee Gifts

What you need to know about deducting business gifts

Leave a Comment / Business Deductions, Business Meals and Entertainment, Gifts, Holiday gifts /

Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly. Unfortunately, the IRS limits most business gift deductions to $25 per person per year, a cap that hasn’t changed since 1962. Still, with careful planning and good recordkeeping, you may be able […]

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Giving gifts and throwing parties can help show gratitude and provide tax breaks

de mimimis Fringe Benefits, Fringe Benefits For Employees, Gifts, Holiday gifts /

The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good time to review the tax rules associated with these expenses. Are they tax deductible by your business and is the value taxable to

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