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April 2015 - Bookkeeping Services & Franchises - Jim's Bookkeeping

GIFTS TO EMPLOYEES / ASSOCIATES / THIRD PARTIES

It’s quite common, especially at Christmas time, for employers to give small gifts to their employees as well as 3rd  parties such as clients, suppliers, customers, contractors etc. These gifts typically take the form of bottles of wine, movie tickets, gift vouchers etc. The tax treatment of these gifts from an employer standpoint, depends upon