Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks
RogerRossmeisl
DECEMBER 31, 2023
During this holiday seasons, 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 the recipients? Employee gifts Many businesses want to show their employees appreciation during the holiday time.
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