Holiday Parties

Holiday parties and gifts can help show your appreciation and provide tax breaks

Business Deductions, Business Meals and Entertainment, Employees, Gifts, Holiday gifts / Douglas Freeman

With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good idea to understand the tax rules associated with these expenses. Are they tax deductible by your […]

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When holiday gifts and parties are deductible or taxable

Business Income Tax, de mimimis Fringe Benefits, Employee Benefits, Gift Tax, Gifts, Holiday gifts, Income Tax, Small Business, Tax, Tax Cuts and Job Acts (TCJA) / Douglas Freeman

The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Before you begin shopping or sending out invitations, though, it’s a good idea to find out whether the expense is tax deductible and whether it’s taxable to the recipient. Here’s

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