Tax Consequences of Employee Holiday Gifts

, , ,
Article Highlights: De Minimis Fringe Benefits Cash Gifts Gift Certificates and Debit Cards Non-cash Vouchers Group Meals Tax Compliance and Planning It is common practice this time of year for employers to give their…

Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones

, ,
Article Highlights: Educational Gifts: A Gift for the Future Retirement Contributions: A Gift with Long-Term Benefits Gifts to Spouses: Supporting Self-Employment Gifts to Spouses: Qualifying Clean Vehicle Employee Gifts: Navigating…

Taxes and Holiday Gift Giving

, , ,
Article Highlights: Watch Out for Holiday Gift Scams Gifts with Tax Benefits Gift of College Tuition Gift of College Student’s Supplies Payoff of Student Loan Debt Clean Car Credit Qualified Tuition Programs Qualified…

Holiday Family Employment Tax Benefits

,
Article Highlights:  Employing a Child Child Payroll Taxes FUTA Tax for a Child Child IRA Contributions Child Tax-Free Income Spouses Working in the Same Business Partnership Spousal Joint Venture Spouse Employee Along…
Employee Holiday Gifts May Be Taxable!

Employee Holiday Gifts May Be Taxable

, , , ,
Article Highlights: De Minimis Fringe Benefits Cash Gifts Gift Certificates Group Meals FICA and Wage Withholding It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently…
10 Easy End of Year Tax Tips to Increase Your Tax Refund

10 Easy End of Year Tax Tips to Increase Your Tax Refund

,
Article Featured on TurboTax The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020). It’s hard to believe that we are in the last quarter of the year! With 2019 coming to an…

Holiday Gifting with a Tax Twist

,
Some holiday gifts you provide to members of your family, employees, and others may also yield tax benefits. Here are some examples: Employee Gifts – It is common practice this time of year for employers to give employees gifts. Although…
Holiday Gifts with Tax Benefits

Holiday Gifts with Tax Benefits

,
Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits. Here are some examples: Electric Car Credit – If you purchase an electric car as a holiday gift for your spouse or even…