With the holidays upon us, it’s the perfect time to make your list and check it twice when it comes to gift giving. We’re sure you’ve got it covered for family and friends, but have you thought about employees, clients, and co-workers? There are a ton of questions, dos and don’ts, and even great ideas on how the gifts you give can potentially provide you with a tax deduction. That said, you’re busy with the holiday bustle and don’t have time to call your accountant, figure out gift giving rules outlined by the IRS, or even create a strategy for your business holiday giving.
We’ve talked about it in year’s past, and this year we’ve pulled it together so you have an easy reference point. Figure out what to give, to whom, and how much to spend (and what that means in possible tax deductions). Plus, have a strategy for sending, giving and review the dos and don’ts of business holiday gift giving – to make your gift the most meaningful and this holiday season the least stressful.
Want to know what gifts are tax deductible?
Want to figure out what to give and who to give it to?
Need to know the do’s and don’ts of of client gift giving?
Need ideas broken down by budget? We’ve listed our top gift ideas by price range.
Want to know more about giving year-end employee bonuses?
Want other ideas for employee gifts if bonuses don’t fit this year’s budget?
Ben Sutton is the founder of Mazuma USA, an accounting firm providing tax, bookkeeping and payroll services to small businesses. Since founding Mazuma, Ben has established himself as an expert in the small business world. He’s still driven by that same desire to provide accounting help to all small businesses – from photographers, bloggers and creatives to lawyers, doctors, and dentists, everyone needs affordable accounting help. Ben is a Certified Public Accountant, and a member of the American Institute of Certified Public Accountants. But Ben considers his greatest achievement and credential to be his happy wife and four children.