Your business may want to show its gratitude to employees and customers by giving them holiday gifts or hosting parties. It’s a good idea to understand the tax rules associated with these expenses.
Some Holiday Parties and Gifts are Tax Deductible
Tag: payroll tax withholding
What is the Trust Fund Recovery Penalty? Am I at Risk?
If you own or manage a business with employees, you may be at risk for a severe tax penalty called the “Trust Fund Recovery Penalty.”