Category: Tax

A Review of Charitable Donations

Charitable contributions are one of the few deductions enhanced under the Act. If you keep in mind the various rules and limits, charitable giving can continue to play a key role in your tax planning.

Gifts to Employees – Taxable Income or Nontaxable Gift?

Gifts to Employees

Gifts to employees are a traditional way to thank people important to your business, but the IRS says certain types of gifts are taxable, and following the rules can prevent a spoiler later.